In my opinion it’s pretty obvious all the hedge funds are in the process of covering their shorts in both PLS and LTR. Hence the SP may need to go lower until the last covering is completed and then blue skies…..
I am amazed how very controlled / disciplined they are in doing that without triggering a short squeeze. Very masterful. Looks like they might be half way through judging by the graphs in shortman.
Don’t take my word for it as I am a novice observer and not investment advice. Good luck to all.
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)