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Dancing in the dark

07/08/15 2:04 PM

#53338 RE: Nukemtiltheyglow #53337

ongoing short covering without competing long buyers.

remember shorts who are buying-to-cover are losing gains
as the price moves upward so they orchestrate price movements
where they can buy-to-cover at least cost.

such shorts may go even shorter intra-day in hopes of
driving price downward enough to enable them to acquire more shares
than they sold today (and end the day as a net long having covered a short)