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I hear your concern, but have you noticed short sales at 15.5.24...

  1. 60 Posts.
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    I hear your concern, but have you noticed short sales at 15.5.24 was 149,786 short sales interest !!! This is huge considering there is less than 2 mil. shares trading. However, today it went up to $ 78.80, which is $ 6.00 more than what it was on 15.5.24 when the 'shorts' were 149,786, which means the short sellers have lost 6 x 149,786= 5,392 296. Meaning...short sellers lost over $ 5 Mil. Now there was a big buy of about 8,000 shares around 1 pm. it is posssible that it was short sellers cutting their losses. If it continues now going up they are losing money and will be buying back like mad. Unless they think the price will come down and they decide to hold. But this is very dangerous and if it keeps on going up they will have to buy back in panic and we could see a long sqeeze. I do not know what will happen but it will be very exhilarating to watch. What ever you do, DO NOT SELL!
 
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