AI
Thursday, February 11, 2021 9:51:53 AM
The short interest chart reinforces my point. The November & January deviations from the structure were to the upside, thereby providing cover for the shorties as evidenced by the temporary rises in short interest. Obviously there was no short interest spike for the October deviation because it was to the downside.
The January run probably worked out as a really safe short trade if the entity taking the position was paying attention to the underlying structure. They would have known that the lift off from the sine wave would be temporary, triggering the bump in short interest, then as the share price snapped back to the wave structure, short positions were closed for a nice profit. Who in their right mind would have shorted LQMT in January, if not a MM armed with such knowledge???
Overall though, aside from those brief spikes, the long term short interest hasn't changed.
The January run probably worked out as a really safe short trade if the entity taking the position was paying attention to the underlying structure. They would have known that the lift off from the sine wave would be temporary, triggering the bump in short interest, then as the share price snapped back to the wave structure, short positions were closed for a nice profit. Who in their right mind would have shorted LQMT in January, if not a MM armed with such knowledge???
Overall though, aside from those brief spikes, the long term short interest hasn't changed.
