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JusticeWillWin

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JusticeWillWin

Re: SamuraiProgrammer post# 723176

Sunday, 02/11/2024 9:03:58 AM

Sunday, February 11, 2024 9:03:58 AM

Post# of 729633
You are absolutely right, shorts will never go to ZERO for this reason. I think <1M could he considered as low and < 500k as extremely low for COOP

Re : Why keep shorts?

Don't forget that there are index funds that short the Nasdaq as a whole. These funds will take the money invested in them and short the individual stocks on a pro rata basis. Because of this, there will always be shorts against all of the stocks.

These shorts generated by index funds will not be as likely to cover on a day like Friday because the index (as a whole) is diversified and the losses from the COOP stocks will not be as painful.

By the way, thanks for the information you provide!

 

THIS IS JUST MY PERSONAL OPINION AND NO INVESTMENT ADVICE!

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