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Posted On: 02/01/2021 4:40:07 PM
Post# of 148908
Riddle me this, something I have never been able to wrap my head around -
Who are the sellers?
They can't be shorters because shorting isn't allowed on OTC. They can't be option sellers for the same reason. Sellers can only be those who were, until they sold, Longs. Why would they sell unless they were just selling a rather small portion of their holdings? Or was it the company, raising cash?
I have always had a problem with divining the motives of those who are taking the other side of a long trade in something like Cytodyn. I doesn't help that almost no one on stock blogs admits to being a seller. Where the hell do they come from?
Me, I have a GTC order to sell all my shares at $100. I will probably adjust it upwards, tho, hopefully sooner rather than later!
Any insights?
Who are the sellers?
They can't be shorters because shorting isn't allowed on OTC. They can't be option sellers for the same reason. Sellers can only be those who were, until they sold, Longs. Why would they sell unless they were just selling a rather small portion of their holdings? Or was it the company, raising cash?
I have always had a problem with divining the motives of those who are taking the other side of a long trade in something like Cytodyn. I doesn't help that almost no one on stock blogs admits to being a seller. Where the hell do they come from?
Me, I have a GTC order to sell all my shares at $100. I will probably adjust it upwards, tho, hopefully sooner rather than later!
Any insights?
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