Re: Progress...
in response to
by
posted on
Aug 17, 2023 01:23PM
Action on NASDAQ is crazy. Difficult to figure what's going on. Rainer, I don't think it's shorters. Traders, yes, shorters, no. Shorts would have trouble covering without jumping the price up.
Today, it seems someone wanted/needed to get out. But it appears that then, a few wanted in at the low price, but they probably had to pay well above the low to add to their position.
And FJ, yes, I've said it many times, people need to eat (live). And given the investing profile of many here, as disclosed by them themselves, it's inevitable that portions of their holding would have to be sold as needed.