(Total Views: 434)
Posted On: 12/29/2020 10:17:28 PM
Post# of 148923
Shorting is actually good for longs because if you are in a company you feel will be successful, the short squeezes can be phenomenal. I bought Peloton early on, before the pandemic. Shorts would hammer the hell,out of it and drove the stock down. But once the company got its sea legs and things accelerated in the Spring because of Covid, the stock took off like a rocket . I originally bought in at 24 bucks and sold half my holdings a few days ago at 160. I dont own Tesla directly but through a mutual fund that is heavily weighted in it.the stock a year ago was around 200-300 bucks ,Elon Musk was going crazy because of the shorts. But the tide changed this year and short coverings , along with new investors drove the stock to where it is today. I’m not embracing the shorts but they are actually going to help Cytodyn if they keep up with what they are doing. The squeeze could be phenomenal.
(3)
(0)
Scroll down for more posts ▼