Daily Price Movement / General Discussion, page-31648

no, it’s not entirely the shorters. Shorts will increase ahead of next report or macro change.

it is mostly a lack of volume and long interest. It is a traders dream at the minute due to the large emotional retailer base.

the fomo earlier this year has hurt a large number of retail who have since either cut their losses, averaged down, or simply holding until they’re in the green.

the moment there is green or a spike, the sale frenzy kicks in. It will continue doing this until there is a meaningful announcement or has the support of a large insto or fund base

most are waiting for US announcements like Walmart and affirm, or Amazon and affirm, or Square and APT.

there is also nervousness about next report which may likely show ballooning costs (similar to last report), a potentially a softening trajectory (proportionate growth) of US users (potentially (temporarily) rebrand drive and competition driven), UK numbers, and how much of the $400 cash is left post twisto and spotti - one of the reasons Larry is seeking investor interest in US.

Unless someone knows something I don’t, outside of the valuation piece, it’s difficult to justify accumulating or loading up at these rebels.