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Monday, June 11, 2018 6:17:46 PM
Most of these shares shorted are naked, so they have usually 1.28 days from the hour that the shares were shorted to deliver back to the broker. So their option is either to get you to dump to get those shares, or to buy them back.
If no one pukes it up and we see continue buying pressure, then we get a short squeeze. Though, this often does not happen. Usually when short volume is low, MMs will let it run since they don't need immediate cover. So what I'm trying to say, is tomorrow is a good day to fight back and attempt to get the squeeze....usually retail just fails to do so since the MMs are willing to short more shares in the morning and when afternoon roles around and buying is exhausted (like we saw today) the MMs try to bring walk it down. This also explains why we saw some more aggressive down paints near close.
It can also not be MM shorting and can be retail, but that is less likely IMO.
This also means, retail was not selling today. Just MM's floating air shares. I was laughing because we have a chance to REALLY turn this over on the bears if this continues.
Common sense here.
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