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Re: TrendTrade2016 post# 2321

Sunday, 04/02/2023 5:02:31 PM

Sunday, April 02, 2023 5:02:31 PM

Post# of 5293
What are you basing that off of Mr Master Chartist? The float traded 3x on 1/12 with more than 100% of the float sold short and 56 million FTDs coming up a week later. Fast forward to today and every single one of those short from that awful day for sellers is in the red. I think the shorts from 1/12 are the ones who should be worried, not the ones who bought into the .01 initial test. Look at the volume at the peak around .01 and now look at the volume at the low from 1/12, there is no comparison. 10s of millions are stuck short and will NEED to cover, while maybe a few million are left underwater from the high and anyone who wanted to bail is likely already out, hence why the volume dried up so much now on this dip.
Bullish
Bullish