Post by
navgod on Dec 14, 2023 7:53am
Covering shorts
Was short over 50KLBS before offering -- have covered 70% with the remainder to be done this week. Huge drop in the premium make shorts here unattractive. Small loss in LBS short more than made up for in huge gains in longs it allow me to hold. Premiums are dropping acrss the board while retraction formula provide a floor on discounts. Doubt we will see a return to anywhere near the 30+% premiums of a few months ago --- would like to believe its because investors are getting smarter but after 20 years why now? GLTA