Was hoping things in the US are kicking prettier, but apparently not. Things moving slow is always being the problem with MYX for the last 5 years. On the shorting position wise, it's 58.8M shorted as of 22nd Aug. I am guessing there is a drop in the next few days. Not that those drop in short position is being covered and making the price going up, but mostly the closure of hedge position. We have had a lot of half step trades lately and a lot of them today. My guess is that those hedging players are leaving the playground, and that half step closure is the only way they can stop the price falling like a stone. Along the way, they will probably off load extra long position as well (usually they hold more long then short postions for such play).
Hope I am all wrong though.
MYX Price at posting:
32.8¢ Sentiment: None Disclosure: Not Held
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