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Posted On: 01/26/2021 1:18:03 PM
Post# of 148902
I thought the same thing too, but came to a different conclusion.
If you are not already short and you want to short, then you want a high price so you can short before CD12 is announced, so you want the price to go up.
But probably all the shorts are already done, already shorted. They are already in.
If you are already short you want to depress the price as much as possible before CD12 announced in the hope that the bottom is even lower.
Or perhaps more likely you want to cover before CD12 announces.
I can't believe anyone would be crazy enough to short CYDY now, only days before CD12 is announced.
The upside is at least three times the downside. And there is no way to assess the chances of success with any certainty.
If you are not already short and you want to short, then you want a high price so you can short before CD12 is announced, so you want the price to go up.
But probably all the shorts are already done, already shorted. They are already in.
If you are already short you want to depress the price as much as possible before CD12 announced in the hope that the bottom is even lower.
Or perhaps more likely you want to cover before CD12 announces.
I can't believe anyone would be crazy enough to short CYDY now, only days before CD12 is announced.
The upside is at least three times the downside. And there is no way to assess the chances of success with any certainty.
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