Beg to differ Slick. We’ve been averaging about 10 million...

Beg to differ Slick. We’ve been averaging about 10 million shares per day over the last 10 days. If you add in Friday’s and Monday’s shorts it’s over 45million shares shorted at a sharp rate which appears to be several traders shorting.The short stock chart is the exact opposite of the Imu chart which is clear the shorts are the ones playing with the stock. Not much real longs selling but the longs taking them on the the bid side on the way down. It will be very clear when they feel the need to cover. Since the shorts are in a view hands and longs aren’t doing much selling the shorts will need to press hard at this 10.5 to 10 area . If they can’t drive it thru this support area they will have no alternative to cover because it’s a shorter play for them and it wasn’t a long term build in shorting because of some fundamental problem with Imu .Thats why the quick build in short interest matters They are trading price for a quick move and the longs are trading more of the fundamentals which are really good. When they start to cover it will become apparent and I don’t think the market will give it back so fast as they shorted. So yes the rate of the short interest does matter when it’s related to quick price action and not fundamentals. Just one old mans opinion.


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