Tech question.. Why would the shorters panic?
ie:Mr X short sold 100000 GXY at $2.40 and will buy them next Tuesday at say $ 1.80.( a 10% jump) He would make $60K without sweating.( 30% gain)...Of course if no one sells at this level, shorters can't fill their positions and the cat and mouse game keeps going.
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- Ann: Quarterly Report - March 2019
Ann: Quarterly Report - March 2019, page-368
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