Sunday, October 08, 2017 2:38:17 PM
So now they are under even more pressure to cover. They have been trying hard to shake shares but if they can't they will have to cover for a loss creating even more buying pressure. (A squeeze)
Also, I'm not 100% sure on this but I think if the ticker change hits all short positions will have to cover immediately.
Any kind of buying pressure will send the price up quickly. If longs hold strong and we continue to see the buying we have it's going to be a very fun week.
It will be a battle between MMs and longs.
All of my posts are my opinion only and are not meant to be investment advice.
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