I would say you are absolutely, 100%, correct in this observation. The numbers for some months have shown clearly that there is nothing natural or investor driven about this price movement, and I am guessing that the remaining core retailers are now so stubborn and pissed off about all of this that we would rather see the hole thing go up in smoke than give one more share to the smug thieves surrounding us. No doubt this play has been done on other stocks at other times, but not on one I have ever owned. I am not so sure that all are covering on the same day, but certainly within a few days, and within maybe 10 cents. Of course, that is just the new/rotating short load, not the already sunk short load which makes up the lion's share of the now unrecoverable 16% in shorts. The problem with their rapid covering is the profits down at this level are almost non-existent after borrowing fees, and buy backs, and every time they push it down too far, just enough of us come back in and take a few more shares off the bottom. Now they are stuck pushing down hoping that there will be bad news at the macro or company level, enough to trigger a wider dumping, or that some Long will run out of time to recover their investment and pull out. I suspect that there is now such a level of anger in the Galaxy community, that it will need to be something pretty "end-of-times" to overcome our collective hatred for the Shorters, banks, etc that have perpetrated this fraud that Shorter recovery is somewhat unlikely. Those who would have left have probably already largely gone. I think we are collectively so far past the "falling in love with a stock" mistake and into the "I'm determined that you are going to bleed and suffer, because I detest you and everything you represent, and I no longer care how much it costs, just as long as I see realisation of impending doom in your eyes while I gently stroke my fluffy kitten" territory.
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