I'm sure you meant at the bid, but I get it. Never
Post# of 75002
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Posted On: 01/04/2019 10:19:14 AM
I'm sure you meant at the bid, but I get it. Nevertheless, shorters are not entirely to blame either, and MM's have control. MM's are the enablers of shorting. Naked shorting is another illegal activity, but it still occurs, so you can't say MM's are not to blame. Realistically, it's a combination, but all boils down to whether or not the buying pressure is sufficient to control the direction of price movement.
They definitely, however, play a major role when the percentage of short sales jumps way up like it did Wednesday to 58.86% of the volume. Yesterday, it dropped to 44.64%.
Need to see it back below 30% and better yet below 20% of the daily volume, but it'll take scaring the crap out of them and spanking them a couple of times first. If strong news drives this up we should see a good pop as they get nervous and start to cover.
They definitely, however, play a major role when the percentage of short sales jumps way up like it did Wednesday to 58.86% of the volume. Yesterday, it dropped to 44.64%.
Need to see it back below 30% and better yet below 20% of the daily volume, but it'll take scaring the crap out of them and spanking them a couple of times first. If strong news drives this up we should see a good pop as they get nervous and start to cover.
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