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Saturday, 01/27/2024 9:19:55 AM

Saturday, January 27, 2024 9:19:55 AM

Post# of 204008
Once again yesterday we saw the ratio in action,,, 13k more sells than buys, down 12 cents. I'm showing 13k shorts. So we see the ol 1k for 1 cent ratio I reference. The volume was less than half of a typical day, so there wasn't the typical accumulating day like we have experienced lately.

Oh the ratio thing, so at 22,000,000 shorts, if they cover straight up it puts the share price at $220. We know that many will cover using dark trades but that is only 10% of volume, others will use options but as they expire their carrying costs increase. If I'm off by a factor of 10 that is $22 plus $4.50 puts us north of where we were when the shorts started.

Notice that shorts can not admit that they are short? No, they say they are long just trying to be balanced. Some fake (or stupid?) longs even say it is smart to place your bet then try and convince others not to buy. Ya right.

It's just the market doing what it will do when controlled by those that have the coin, and working it down on a Friday to save on interest paid by the shorts over the weekend.

In the past investors would not have a clue as the shorts worked the market during the day covering later in the day and reporting only the number of shorts on a given day some 3 weeks later and with T+2 it is easy for them to fudge. T+1 trading will be implemented in May, it used to be T+5.

The shorts will hold out trying to convince others to assume their position until they can't. Meanwhile, the institutions are marching towards that 50% ownership number.

As deals are announced, expect the shorts to criticize each, but as the writing on the wall becomes clearer, we will be rewarded again and again, being told that we are wrong.

Phone is acting up, so I better hit the send button.

X I wonder if deals are decided at a Board level if so those meetings were held towards the end of the month on a Thursday.
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