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Sunday, March 15, 2020 8:12:50 AM
Most had to cover.
https://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=ino&insttype=&freq=7&show=&time=18
Any good news or a proven vaccine and they'll cover again.
This is what could take us to $40, $75, $100+ per share.
It will be off to-the-races and this time it will hold (if get vaccine).
I don't mind it. Yes, it adds volatility, but provides excellent upside potential.
Now Citron is another story altogether. They are bottom-feeding scum.
In fact, a great case study is Tesla. Huge short position.
Many did not believe in it and had to cover, taking the stock to it's unprecedented high and outrageous valuation.
https://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=tsla&insttype=&freq=1&show=&time=7
So shorting can work for you or against you. It's just another strategy.
The key and super fun component of it is... Getting them trapped.
Scruff
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