I respectfully disagree. 7 cents on a Friday when
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Posted On: 02/25/2022 5:00:17 PM
I respectfully disagree. 7 cents on a Friday when we're at our lowest point in some time doesn't feel like a leak. Although I would take a leak at this point (...wait I don't think that came out right).
Fridays are a good day to cover because I have seen weekend news of companies acquiring other companies over the weekend. I'm not saying that's happening here, but if you are a smart shorter, you cover your butt because if that happens you better be ready for pain on Monday. At these prices who wouldn't want to cover and buy? If we get nothing, then they can go right back to shorting on Monday.
At least today's bump gives a chance for those getting family and friends screen shots of 43 cents to send one right back of their favorite rapper 50cent.
Fridays are a good day to cover because I have seen weekend news of companies acquiring other companies over the weekend. I'm not saying that's happening here, but if you are a smart shorter, you cover your butt because if that happens you better be ready for pain on Monday. At these prices who wouldn't want to cover and buy? If we get nothing, then they can go right back to shorting on Monday.
At least today's bump gives a chance for those getting family and friends screen shots of 43 cents to send one right back of their favorite rapper 50cent.
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