Thanks for the info sunray3. We all know we've had
Post# of 154111
As I've said before, selling pressure can come from many sources:
1. Fife-Paulson (quick sell of long shares issued through warrants, maybe counted as short sale)
2. Individuals Day Traders (mostly short selling)
3. Hedge Funds (mostly short selling)
4. Longs who sell a small percentage of their position to get needed cash
5. Other Entities (short selling through hedge or other funds) to pile on to keep price bottled up for various reasons that I've outlined before
I don't know to what extent numbers 3 and 5 are happening right now. I only know that the charts have been showing not normal price action for quite a while and that short positions are increasing by a substantial amount. Because of that alone, I believe that there is some degree of chicanery going on. As Shakespeare would say, "Something is rotten in the state of Denmark."
We should never underestimate the ability of man to do good and to do bad. The good news is that the price cavalry is coming and Dr J is leading the charge.
Go Long and Stay Long

