On shortman, the table at the bottom lists shorts taken out on the given date, without reference to total shorts. The graph on the top outlines total shorts, but is delayed (look at the date).
For example on the 9/11/16, 11,849,183 shorts were made, without reference to the number of covered.
However on the graph the latest date given is 4/11/16, and it can be seen total shorts is 2.09% of capital. This doesnt take into account the general increase that would have occurred over the 7, 8, and 9th/11/16. There will be some covering in this area, but total shorts will still probably exceed 2, possibly 3%. Thus 40 million + would be expected. A large percent of these will be out of the money, a portion of these will have been taken by speculators, another portion by those wishing to hedge against further losses in their long position.
With Hillary gone back to drink expensive cognac with the 1% elites, downside is further limited on what was already a pretty limited case against MYX.
The experienced shorters are probably already out with small losses, now the lesson comes for the beginner shorters. I hope.....Im long MYX now the shmozzle is over
MYX Price at posting:
$1.63 Sentiment: Buy Disclosure: Held
