RE:12:30 EST YesterdayNosajEwad]I don't know about everyone else but about every one of my holding absolutely plumited at about the same time.
Then they all started recvovering. I actually wonder how many shorts were sold in that window across the board. Weird.
whisky11: shorts were buying yesterday. Yesterday they tried to create panic selling.
What they do is that they dump 100,000 shares or 1000,000 if stock price drops couple cents it can trigger stop losses.
With short selling, investors borrow shares from a brokerage and sell them immediately, in the hopes of buying them back later a lower price. If the short is successful, the shares are purchased at that lower price, returned to the brokerage, and the investor keeps the difference in price (minus costs, of course)