Vid and Jess et. al. I think it was a very important day today with the shorts throwing everything they had at it and not being able to walk it down. IMHO, the next few days will be critical and hopefully volume (true long buyers) does not dry up because as we all know that is when the games are played. It is interesting to note that with this high volume, gone are the days when they (the shorts) can jump the ASK line with a 100 share order and walk it down. Especially in the last few minutes today they tried that a few times and were swatted away like a dead fly.
I only wish that I knew the change in the short position in the past few days with the higher volume?...no way to know. Logically to me, there is a lot of accumulation going on at these higher prices vs. covering because I am sure they (the shorts) are thinking that they can still cover at a lower pps (otherwise it would have started days ago given the inside info out there). Basically, I don't see them covering a these higher prices (last two days especially) because they think they can control the pps like days past YET surely they are playing with fire.
Thanks for your comment Vid that we are thinking alike as I watch for your posts and appreciate your down to earth, realistic insight with both the science and trading...Jess too. I think that much of the angst on this board (present company excepted) has been because of not fully understanding the power of the shorts and who (they are/were) is in control. As I have said many times here, do the math and with 30M+ shares short out of 180M (with most of the long shares accumulated and sitting there waiting)....that is some fire power which they have used with endless ups and downs. Hopefully, those days are nearing an end and now we really, really know (with substantial operational results, upgrades, more visiility, etc) that it is just a matter of time. Enjoy the show!!
