Just an fyi, a lot of short action on Tuesday on C
Post# of 148111
Historical Short Volume Data for CYDY
Date Close High Low Volume Short Volume % of Vol Shorted
Oct 15 NA NA NA 5,344,015 3,525,646 65.97
I've been looking at these charts for a long time, and it appears to me that this is more than just a couple of folks like Paulson converting warrants. The reason I say this is because of the way daily charts look and the meeting of new demand with shorts in a particular price range confining it very neatly in the range. If it gets out of the range, it is brought back in.
I think there is probably also a hedge fund involved doing this. I've heard others mention Citadel. Does anyone know if they are involved with Paulson and Fife or are they another actor in the mix?
Just take a look at the daily charts and you'll see what I mean.
I agree with My69z that it won't matter in the long run. But I'm wondering if anyone knows the answer to my question about the hedge fund.
I'm new to the board so maybe this has already been hashed out. At any rate, it'll be great when the shorts are cleared out, and I agree with everyone else that that will happen, hopefully soon!
Thanks all you longs