Post by
quinlash on Jun 23, 2023 12:43pm
RE:Lowest historical price.
You clearly have no understanding of what "stock shorting" is. The price can be pushed down through these trades however every share used to push the price down has to be purchased off the market as the "shorts" are literally under contract to buy to take a profit (if done under the short value) losses are taken if they buy back (cover) over the short value.
The buyers at these levels are likely somewhat made up of shorts attempting to cover / buy back those shares.
Comment by
Darholio on Jun 23, 2023 12:58pm
Oh I know what shorting is. Been at this for 20 years now. Shorting can push the price up when the shorts need to cover. Long and short traders keep a stock share price well balanced