Well don't they appear to be having fun? borrowing high & closing off low:
Shouldn't be looked out without reflecting on where PPT has been:
If the shorters jumped in back in Nov.? what a wonderful position they are in to close off their positions - particularly on days of pullback like today! The gains might be considerable!
What we don't know about Shorters is:
Do they buy? Do they Sell? Do open Shorts? Do they close Shorts?
All on the same day? & intra-day?
It's in the interests of shorts to see SP decline to allow them to cover off their borrowings! What a wonderful spectrum PPT shorts are in at present!
When might the market turn on them?
I'd be interested to know if others agree with my interpretation of PPT Shorts?
PPT Price at posting:
$25.91 Sentiment: Hold Disclosure: Held
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