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Friday, December 08, 2017 3:46:09 PM
This is a good point. If shorts were not trying to cover then there would not be as many bids in trying to get shares. This many bidders means there is a serious demand. If there were no demand there would be no bids, regardless of the ask price. Simple.
“We are like farmers chopping down the fence for fuel when we should be using Nature's inexhaustible sources of energy. I'd put my money on the sun. I hope we don't have to wait until oil and coal run out before we tackle that”. — Thomas Edison
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