RE:RE:RE:CGC up another 12% after hours…Doubleeagles wrote: What's causing run up after hours?
There are two trades on the market that result in buying activity.
1) Buying Long Shares. Everyone knows this trade, it's the first thing people think of when they think about making money on the stockmarket (Buy Low / Sell High)
2) Short Cover - this one is not as well known but it's a required trade (regardless of price) to exit a Short Positions. A short position trades is a bet that the shareprice will fall (Short High / Cover Low)
When you have a great deal of Short Covers occuring at one time you see a pop in SP, this is where the term "Short Squeeze" comes from.
It's not uncommon to see bashing / hate speech on forums from those holding short shares as they are concerned folks will buy shares they need themselves to cover on.