It’s seems as though the Short robot trader has flipped the switch to cover and we have been creeping up since the rush out of the $3’s.
The trades are being careful not to spook ALL the Shorts and day traders to run the stock up and trying to move at only a daily rate between 2 - 5%. If someone big moves in or some good news comes - pow! There’ll be no stopping it.
Don’t know how they can cover 1.8M shares within the next couple months and if they think that we are going to see new lows soon, they’re mistaken. That was their missed opportunity. I’ll be checking that website on the 31st - Thanks!
I am really seeing more attention on the popularity of healthy sports drinks like Kobe’s Under Armor, which I don’t think it’s really all that “healthy”. Athletes do attract the biz though.
Let’s see how this week closes out. I would love to see a $4.75+ Friday close.
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