I am not expecting any wild run ups, for sure, especially in front of the 1Q. Shorters will surely continue to push down to get the best they can, but now their force is 39% weaker, but decreasing by 14 Million short shares at one stroke is a very significant and telling institutional move, imo; somewhere near the bottom with 1Q in 9 days.
I still remember when we watched a similar event years ago when shorter shares were at a high, then, of circa 52 Million. Suddenly the Short Reports reported significant decreases consecutively(circa 2-3 Millions) for many months, and the worm turned; very slowly at first.
Shorters have now fallen 39% from 54 Million short share high the past year since the Russian Invasion with 14 Million shorters going out these 2 weeks. Bottom has to be around here somewhere, lol.
Bounce is due, at some point, imo, and the 1Q will surely set the tone.
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BTW:
CPST just fell out of full consolidation Friday showing Short Term volatility increasing, while daily volatility remains high. Just as full consolidation indicates probability of tighter swings, falling out of consolidation should indicate increasingly wider swings in price volatility.
The price, having fallen out of full consolidation should indicate a significant move is due, up or down.
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Thank for the news, Bill. YOU MADE MY DAY! :)
