Yes, there is evil afoot, and yes, ORE has had the short end of the Mother of All Shorts recently.
I suspect that the short end of town is speculating that Tesla is going to crash and burn in a BIG way. I personally would not be betting against that. However, given the current world-wide uptake and imposition of EV requirements, I'm kinda thinking that we don't NEED a Tesla in order to survive.
As I said previously, you cannot compare a way-shorted pizza-delivery service to a producing miner, of a substance that seems to be increasing in value every shipment.
The shorts are using the under capitalized ORE as a significant leverage against TSLA. This is your 20%.
We simply have instos, true believers (you and me!), and shorters!
There is certainly a lot more that we don't know - we will find out eventually, but in the meantime, all we can do is either support our holdings in the face of unknowns, or else just sell everything and put the balance into the Commonwealth Bank.
Gnome'i sayin'?
ORE Price at posting:
$3.31 Sentiment: Buy Disclosure: Held
