When the launch of this is immanent, why would there be so much shorting now? What is the motivation to short sell now on this stock? Especially with this volume?
It’s a very dangerous game this close to the launch. I would think with the low close yesterday the short sales would be buying to cover there shorts. When the launch comes the price I assume go up dramatically and the chance to cover and make anything is gone. They could be looking at significant losses after the launch. I don’t understand it with this stock at this time.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.