I guess wrong. As far as they in profit (shares are down than their short selling) or have margin to cover diff, no time limit on when they have to buy back.
However, if fund like Blackrock or any other AUS/US institute decide to go long and buy for few $millions that would make shorters run holding their pants to cover their position & together with investors rush + short covering could lead SP move back up even higher that it deserve at some. Similar to what happen Volkswagen - share price rose from €200 to over €1,000 in just over a month.
That's why in my earlier post I was trying to find if there is anything left that would attract major institute to buy large stack at this price or lower.
Lot of uncertainty and volatility but that brings opportunities too.....
Cheers
J
QIN AKA Trading Places, page-6
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