Chart, page-17023

He wasn’t spouting that stuff off on his tv show, he was revealing the games he was up to as he worked for Goldman Sachs in the 80’s and then as a hedge fund manager for 14 years.
That’s a lot of years to hone manipulative trading tactics. And he made a bucket load.

“You dump your shorts”
What, you mean by buying shares to cover? Pushing the price up as you do?
Why not just buy shares at/from that point in time when you are confident that the price will rise instead of tying up capital in the meantime?
End result is the same as only Net long shares make money from the time they are Net, PLUS you don’t tie up capital in the meantime, PLUS you have no borrow fees to pay.

...surely it’s more effective to just short the crap out of a stock and hit stops and create panic selling to cover into. Why bother “competing” with yourself on the way down by hedging with long purchases? The only “benefit” seems to be to draw in other sellers so you can end up with a net long position with an average price at an artificially created lower level than when you started.
Create movement and draw in others - be the first to move and then prey on the later movers.
“Investment” lol.

I don’t claim to be any expert on this shorting bs, but the point is it’s mainly just bs financial engineering, absolutely detached from anything to do with the actual business itself.
Just another 3-letter ticker and a bunch of punters’ fear and greed to prey on and leach off.

Iirc you’ve still added nothing to the short numbers or their movement or their relevance or their impact other than that the specific numbers “aren’t accurate”.

I still think that a decent chunk of them are simply trying to make money by taking a position opposite to the longs, and will pay dearly for doing so at/near the bottom of the cycle.
I’ve heard of no facts or data that actually quantifies how many are hedged or whatever so have no reason to believe they’re all so clever or unaffected by a reversal to the upside.

Your generalisations and stuff are fine and interesting and probably sound, but they tell us nothing specific about what is happening in this specific case.
In the meantime, the shorters still have a debt to repay, and to do so they must purchase shares at some point, so their current downward pressure of 50-odd million units will be upward pressure at some point. Burning or not, this will still cause the sp to run hard if they are forced to do so in a hurry and therefore cover over a relatively narrow period. I look forward to that. A great SDV deal or T/O offer would do it just nicely.