Post by
theinvestor22 on Jan 10, 2024 8:12am
Reliq, It's hard to be a shorter - part 2
A few days ago, I made a posting suggesting that it's hard to be a shorter for many reasons, including limited upside/large downside potential, limited likely investment size and difficulty in amassing a large portfolio from shorting. (I could also have added the generally worse income tax treatment for short sellers.)
I said this near the end of my posting: "There is one additional and very important thing which adds to the risk for shorters. Occasionally, companies will announce something breathtakingly positive or even transformational. This can be the death knell for a shorter."
Today's announcement is very positive for Reliq. While it's not likely to kill the shorts profits, it could be the end of this run for them.
Of course, there is the fact that the current short interest for Reliq stock is peanuts...
Comment by
Whynottoday on Jan 10, 2024 8:28am
I highly suggest all posters to report investor22 for excessive pumping every time he posts false and misleading statements. Eventually they will ban him. IMO.
Comment by
Whynottoday on Jan 10, 2024 8:59am
Ok now where was I, before being rudely interrupted. Oh ya, still counting my money I made covering on Monday!!