surfsup: Happy to respond. CYDY opened today at
Post# of 148282
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Posted On: 02/13/2020 12:51:36 PM
surfsup: Happy to respond. CYDY opened today at 1.19. The object of today's short attack (based on the results from last week's attack) would be to drive the sp down to 1.00 or preferably below. (Last week's attack bottomed out at .80.). If the sp is hovering around 1.00 near today's close, the shorters can simply buy back the shares they borrowed and return them (with the tiny interest payment) to the CYDY shareholders who were so cooperative. But now the sp value of their CYDY position is down almost 20% on paper.
If those CYDY shareholders cooperated because they wanted to buy, and did buy, more shares at a significantly lower sp, there would have been at least some rationale for their conduct. But for a shareholder who doesn't have the funds to increase their CYDY position, cooperating with these sharks is extremely counter productive for them, as well as for CYDY and all of its shareholders.
Fortunately, so far, today's short attack has fizzled. Perhaps many of last week's pigeons have woken up.
If those CYDY shareholders cooperated because they wanted to buy, and did buy, more shares at a significantly lower sp, there would have been at least some rationale for their conduct. But for a shareholder who doesn't have the funds to increase their CYDY position, cooperating with these sharks is extremely counter productive for them, as well as for CYDY and all of its shareholders.
Fortunately, so far, today's short attack has fizzled. Perhaps many of last week's pigeons have woken up.
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