SeeTheWorld...
You would think that the shorts would not be borrowing GXY shares at say $0.85 to say $0.95 and expect to pay back at say $0.60 when clearly GXY fundamentals would "not allow" that to happen !
It is quite obvious that only "uneducated" or foolhardy traders would entertain taking a low SP position like that !
...and to risk losing over 100% of your investment if say the SP gets to at least say $2.00 !
...and you would think that these "short traders" would have a reasonable amount of trading savvy !
...and the more the SP rises the more shorts will have to cover their positions and
return the shares back without taking too much of a financial hit !
Which will "fuel" the fire under the SP with more longs seeing a turnaround in GXY and buying !
Which will "fuel" the fire even more !
I would be really nervous if I was shorting GXY atm !
ESPECIALLY if I have recently jumped on to the GXY "Shorters Express" !
Chart, page-14641
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