Friday was 52% short interest on an 80+% pps day. I was expecting way less.
Now 35.77% on a day when MM's were truly bid whacking. I guess today was a combination of shorts and profit taking. We knew there would be some profit taking on the way up. To me, I am encouraged that today could be as much profit taking as shorts. The less people shorting this daily proves that if anyone behind the scenes is in the know, they now see a big rise coming. 15% decline is significant given this volume. I just hope to see a 15% decline tomorrow as well!
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