Yesterday’s volume was a little out of the ordin
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Posted On: 08/01/2023 2:24:03 PM
Yesterday’s volume was a little out of the ordinary, all gas and no brake, today we are obeying the speed limit again.
It’s easy to point the finger at shorts but I’m not convinced…while I have no visibility on shares available in people’s accounts to short, the borrow volume you see on fintel didn’t really seem to support what we saw yesterday. Did Welch wake up on the wrong side of the bed? Did Cytodyn realize they had to pay the light bill? Curious who you would point out in the line-up of suspects. If Cytodyn had to reach in to the piggy-bank I have to assume it was for a good reason at these levels…not for copy paper for Sidley, maybe to put an important document under the microscope. I would love to be a fly on the wall with no NDA observing what’s going on in that smoke filled room in Vancouver. “A fly who refused to be identified said…”
It’s easy to point the finger at shorts but I’m not convinced…while I have no visibility on shares available in people’s accounts to short, the borrow volume you see on fintel didn’t really seem to support what we saw yesterday. Did Welch wake up on the wrong side of the bed? Did Cytodyn realize they had to pay the light bill? Curious who you would point out in the line-up of suspects. If Cytodyn had to reach in to the piggy-bank I have to assume it was for a good reason at these levels…not for copy paper for Sidley, maybe to put an important document under the microscope. I would love to be a fly on the wall with no NDA observing what’s going on in that smoke filled room in Vancouver. “A fly who refused to be identified said…”
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