(Total Views: 503)
Posted On: 02/28/2021 8:36:23 PM
Post# of 145890
Are your saying many shorts have borrowed the shares in advance of positive announcement. Once it shoots up to say $20 they will sell the share and hope it goes back down to $15 to cover and pocket the $5 minus fees per share? Is that why we haven’t seen many cover yet? I always assumed very high majority of shorted shares sell immediately tanking price and than they wait for low of day or low within a couple days before covering and taking price back up. I doubt many are trying to buy at a steeper price.
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