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Alias Born | 12/03/2017 |
Tuesday, February 23, 2021 10:13:26 AM
1. This Friday, 2/26, is another Finra Short Interest Settlement date. This means that any firm, trader, group, etc... that has been shorting ENZC must cover on or before Friday. With the drop of yesterday's MASSIVE PR, I believe they realized that they could not risk waiting until tomorrow to go through their normal process (Wednesday attack & hold/drop thru Friday), and instead planned the attack for this morning.
2. Their attacks only work if people fall for them and sell. Trust me, I hate seeing my account drop more than $1M per day, no less than the next guy/gal, but I too know the value of ENZC and refuse to sell. If everyone that calls themselves a long would do the same, these attacks would not prove to be so profitable for those carrying them out.
3. The fact that they had to break so many support levels last week to scare people into selling, tells me that it is becoming more & more difficult for them to successfully short ENZC. Shorting only works for these guys/gals if they're able to cover cheaper (scare others into selling cheaper).
IMO of course, this will end. Sucks having to go through it, but like I mentioned in #3 above, I believe it's becoming much more risky to short ENZC. We are becoming too well known, and I don't believe yesterday's PR has fully sunk in with the investing/bio community. Once we make it through these rough waters, it really is clear blue skies ahead, with maybe a couple rough waves here and there (but nothing like this).
$ENZC
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