Thank you Jazzpa!!
That's exactly the point I was stating in my posts last night.
All of a sudden the short selling volume of CGFIA has stopped. It can be charted back to August 9th, the day the "approval with conditions" was announced. Just two days before that, the short sales were 2/3 of the daily volume.
And what do you think the cause of the disappearing short sales is?
Seems pretty obvious to me.
The market now believes CGFI is going to be viable and profitable. They stopped betting against it. But they are also trying to cover their enormous short position before the price is allowed to rise.
$CGFIA
Don't take my word for it, Do your own research! Then you will know it's true!
