Friday, August 18, 2023 2:08:51 PM
So, some would hope the 10-Q was worse if they were the owners of a portion of the millions of shares that were recently shorted. More shares owned that were short, more the hope for a worse 10-Q.
Perhaps one-third of all recent trades consisted of short activity. So maybe 10M shares per week? Up until the 10-Q. I lack the time to delve into this and get a firm, accurate number. Be my guest.
In my opinion, the real risk to shorts is the next time we hear from the management team, we could be getting news that will set the shares off and up.
No, I do not know when. Could be anytime though. And prices could move way up from here.
Probably about time for shorts to bite the bullet and buy shares to cover. Even if needing to pay more than desired, as looks like the case. And shares for sale are not plentiful in the volumes needed. Better get them when you can.
My advice is to stay focused on the target. Look for changes in fundamentals. And do not be easily swayed by the rhetoric of those wanting to change the perception to support their desired outcome.
Just sit tight. The near term should work out for longs.
This was not an educational post, nor was it intended as a tutorial on shorting stocks either. This was only a basic explanation of the meaning behind ‘some wanted the 10-Q to be worse’.
Good luck to you all.
Feel free to correct me where I am going wrong.
Back at it for me.
Mrs. Smith
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