Finra updated file shows correct total shares traded
Finra updated file shows correct total shares traded yesterday.
174,357 shares shorted out of 272,445 shares traded.
That's 64% of the shares traded yesterday.
Why? The recent take down and continued depression of the share price was done over a few days of large volume with very little short volume during those days. Under normal circumstances, this would imply that investors were cashing out their shares presumably in fear since they went about it in such a reckless fashion.
What isn't normal is the fact that there were also a few days during this period where there was large volume with a large part of that volume due to short selling. If you had been watching, you would have noted that the short volume closely matched the volume of shares that were bought on the ASK on those days.
Its obvious from the buy volume that there is demand for large amounts of shares at these prices. So why doesn't the seller(s) wanting to cash out post their sell orders on the ASK instead of crashing the BID? Why was the order to sell 140k shares yesterday a short sale order?
It should be obvious to anyone paying attention that the selling that recently took down the share price is an obsfucation done to induce panic in current investors and to turn away potential new investors.
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