RE:GCM (a great company to short)Anyone shorting this stock has lost money. They will eventually have to cover their shorts with the stock price much higher.
Have they been shorting Tesla the past few years too? Shorting an undervalued mid-tier producer at the start of the biggest gold bull market of our lifetime. Brilliant.
Its gonna be hard for them to buy back their shares when they have 3x the daily volume short. I just see 1.5 million share that guaranteed have to bought back. Look at a weekly 5 year chart and we’re right at the lower channel line of the multi-year upward trend... the probability of this going higher compared to the downside is between 5-1 or 10-1 upside return on a swing trade as opposed to minimal downside return.
The Alchemist