I don't know really it doesn't really make a lot of sense. It doesn't seem like a winning trade unless the logic is to just double down and hope more people capiultate and they go back to trying to cover in the $11 and low $12 range where they are more likely to make money based on the increasing selling that occured throughout the entire 2024.
It could be a very large coincidence but the broker data tells a similar picture.
The white line is where the SBB offically started and the selling increased from UBS.
NEU Price at posting:
$12.44 Sentiment: Buy Disclosure: Held
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