Re: 5.5 million shorts need to cover
posted on
Nov 04, 2016 12:24AM
Ahhh no worries.
So how much volume have we churned since that short report on all exchanges ? I don't see how 5.5 million shorts could have covered especially with all normal buying too...
That means everyone knows there's a high volume of shorts out there trying to cover and we likely are at our bottom... I see a big squeeze coming to close that gap. If someone starts whacking the bid with some volume we'll see some panic and some covering quickly