Trading on Good News, page-77

I also agree that the pricing theme is being dictated by the bots, which is obvious in snapshot such as above when the no of pre-auction shares just happens to be exactly one share more than enough to tip the price into 16.5c. That's not a coincidence.

My point is let them play their games. They do NOT have an infinite no of shares to borrow and short sell. They WILL run out eventually. It is MY believe that the shortselling will stop when aggregate net short sell hits 15%. Time will tell but either way, there is a natural upper limit to short sell because there isn't an infinite amount of shares available on loan, and they will need to be covered eventually, whether via the exit of index funds or other means. As I mentioned, if the shorts ends up covering by buying up the 15% stake of the index funds, essentially they have fulfilled a demand side of a huge block sell trade.

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