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S&P 500
5,310.37
(
0.04%
)
US TECH 100
18,196.56
(
0.00%
)
Dow Jones
39,825.56
(
0.05%
)
Brent Oil
82.49
(
-1.25%
)
Bitcoin
69,800.19
(
-2.31%
)
Post# of 692997
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LearningEveryTrade

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LearningEveryTrade

Re: wimike post# 509995

Wednesday, 08/31/2022 10:42:55 PM

Wednesday, August 31, 2022 10:42:55 PM

Post# of 692997
Someone asked similar question, here was my answer.

Uh, Duuhhhrrr
Sorry, my bad for not explaining.

What I mean is, if we get good events like we think, price might appreciate fast. Thus, anyone short would need to cover quickly, to prevent a painful squeeze.

The non-long theory is that news will be bad... price will go back to .15, they win for their narrative.

The $5 narrative is to "psychologically" limit the price. As right now, they feel no need to cover, yet. IMHO.
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