Sunday, March 27, 2022 10:34:30 PM
Majestic14, the most important part of your high quality post has to do with the unseen and potentially explosive upside that may happen at any time with short-covering.
An important point for me to add would be to stay on constant alert and to be prepared to take quick profits that the unwinding of those short positions will offer. Once their short positions are no longer in force the buying ceases and its dip city once again.
Watch the time and sales, volume, block trades, and overall price action momentum acceleration/deceleration while thus moving accordingly. Use all the trading indicators you can call upon.
The up-listing to the NYSE gives those taking the short-selling counter party risks an option they didn't have so easily at their disposal when CNCG was in the trading market cellar. Turn this short-covering experience, should it come about, into the two-edged sword it can be for us if milked carefully.
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