This is looking good for the long term. Shorters needed to sell a further 3,786,770 shares yesterday to keep a lid on the share price. Getting harder by the day and their short volume to keep a lid on things is growing exponentially (for comparison, this was about the total level of shorting back in mid-May, now that's just a day's worth).
That kind of volume is more than all the sellers on screen combined by a long way. The reality is, short positions are more than 10 times the sellers on screen now. What happens if the lender of stock calls them back???
I topped up more this morning. These prices will be looking cheap in the near future given all the future newsflow ahead.
This is looking good for the long term. Shorters needed to sell...
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