Share
3,943 Posts.
lightbulb Created with Sketch. 781
clock Created with Sketch. 13/08/24
14:20
Share
Originally posted by Bren19
↑
The problem with covering now is there is no volume to cover, 16M shorts at like 500K a day would take a whole month of buying to cover and doing it would blast you out of the $2 range, back into the $3+ as there isn't enough real selling in this low range atm.
Expand
Originally posted by Inductor
↑
I would reflect back on a couple of stocks that I have held over the years, NEA and ACX. Both of them had their prices go up to reflect what we all thought they were worth, until the rot started to set in They were both massively shorted for huge lengths of time, which depressed the share prices substantially. They were constantly attacked, any good news was sold into, forums were full of people bad mothing them.
Expand
Thanks to both of you. So far, the possible exit hopes for these grubs are:
(20min delay)