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Thursday, December 29, 2022 10:50:55 AM
You can’t have a belief that “the whales are going to start buying any day now and force those scared shorts to cover” AND, simultaneously, say “everyone who’s buying has already bought and don’t need more so they are just waiting for some magic moment to arrive.”
Where are these so-called “whales”? IF the short position was actually there - it’s GUARANTEED profit for anyone who buys 5 million shares. A 100% chance to double (or WAY more) one’s money.
The short position doesn’t exist.
The whales want to see something tangible and, so far, they don’t think it exists.
Those two statements are the ONLY things that logically explain the volume and price action since CE removal.
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