GREY:XEBEQ - Post by User
Post by
tamaracktopon Nov 27, 2021 2:32pm
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Post# 34172421
the shorts are now our friends
the shorts are now our friendsSome people just don't get it.
Certainly, some were recently shorting at $3.95, $3.90, $3.60, $3.50 and $3.40 etc etc.
They're certainly not shorting at $2.80, 31 cents above the year low, and less than 2X book, and 3/4's of the way through a historic quarter.
There is a pool of about 8 million shorts out there that have no alternative but to buy back the stock to close out their positions.
Longs can hold their stock indefinitely.
Shorts can't stay short forever.
The shorts are now the longs' allies, whether they like it or not. Plain and simple.