GREY:XEBEQ - Post by User
Comment by
Ciaoon Nov 19, 2021 9:55am
152 Views
Post# 34145129
RE:Anatomy Of A Short Attack
RE:Anatomy Of A Short AttackRM, thanks for posting.
It's been a head scratcher to try to understand why the share price has been dropping after Q3 and with the short position increasing just prior in anticipation of a bad Q3 that did not materialize, and now with the 4 days of hard selling this week, I decided to check out the short position.
Naked shorting is illegal, but that would make the brokerages as being complicit to allow the practice. In the end there will be 6.8M shares of pent up demand as of the end of last week, likely more added this week. I don't know why the shorters won't be moving on to more suspect companies trading at ridiculous valuations, ones that are valued as a concept stock (as of yesterday, there was one with zero revenues and with a market cap of just $20M less than XBC).