I just don’t understand how markets work I guess. How this is back down to .97 just blows my mind. Not selling, but obviously someone is, if shorts are the only ones selling then what’s the end game? If they sell it down, and then buy it back to cover? How does one make a profit doing that, when the majority are clearly holding on for the long haul
That's exactly what's happening !!! The news has only been out for a few hours!! A note from a friend of mine who is one of the most sophisticated investment bankers in the world :
The world will hear this over the next few days and the institutional buyers will start loading: