OK FOLKS! Common sense question to burn this OTCSHORTREPORT BULLSHIT SITE to the ground. NEOM is not being massively shorted.
If shorters are so smart and evil, WHY WOULD THEY SHORT INTO A UPWARD MOVE? Look at that chart and prove it right! LOL
Look at any company symbol on that BULLSHIT site and explain how "SHORTS" could be shorting in a vertical move. Here's some simple common sense for anyone who doesn't understand how shorting a stock works.
When you "short" a stock, you are BORROWING shares. You SELL THEM with a promise to buy them back and return those shares. You do the opposite of regular trading. SELL high then buy low. Here's the clincher to destroy the BULLSHIT about OTCSHORTREORT being a indicator of the evil shorts presence as is so often misused. When you short/borrow shares, the broker that you borrow them from can do a MARGIN CALL at their discretion, and they do! If they feel their LOAN is going badly, they have the right to execute a repurchase at whatever time they feel they need to to limit potential loss. You are out the money when a stock goes up before you are able to repurchase at a lower price.
Now, knowing this, how stupid would a shorter have to be to short into a rising price? Just look at the linked chart, in the post that I am replying to, and try to justify the claim that the site makes, and a few people falsely.
Here's the TRUTH. Every stock will have this "short" pattern simply because CASH ACCOUNTS TAKE A COUPLE DAYS TO SETTLE no matter if it's a purchase or sale of stocks. You see this in your personal account every time you buy or sell. While these transactions are being SETTLED this BULLSHIT OTCSHORTREPORT considers those UNSETTLED TRADES as "short". Look at OTC Markets quote under Security Details, Short Selling Data, Significant Failures to Deliver. If it says NO then there is no crazy offshore shorting happening.
Please folks, get the FACTS and the TRUTH before chasing any hocus pocus nonsense about shorting.
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