The action today is certainly that of Insto's. The pattern is a giveaway. Though there are clearly a number of retail buyers, many of whom may have recently sold, jumping back on board. FOMO at its best. It would have been nice not to have left a gap this morning, though we did the same before last run, so hopefully its a breakaway gap and will not need filling.
As for short levels, I would certainly expect a drop in short numbers to coincide with todays trade (updated on shortman in 4 days).
Most important though IMO is not to think that the games will stop here. They won't. Plus the less shares us retail holders sells on the way up, the higher the shorts need to push it to cover. Sold hold on tight! lol.
Tick To..Oh wait.
GXY Price at posting:
$2.59 Sentiment: Buy Disclosure: Held
