First and foremost, I did not blame the shorts for anything. Yes, the front loaders from last week did dump. The dumping was not 100% of the issue yesterday. What happened at CNCT was the double edged sword because the frontloaders were going to dump and the shorts were counting on that all hitting and taking down the bid. IT was the perfect storm. That storm has subsided a bit.
On the other hand to say it was all dumping and no shorting is misleading. I showed the 28.88% short volume link. Nothing to hide here. There are millions of short shares that need to be coverred. No denying that.
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