You’re absolutely correct. The naked short theory has been debunked. The price action simply does not agree. Any long who sold in the past two days doesn’t believe it. If it were true, they would have been burned with the shorts.
It doesn’t exist. I was wrong. But I’ll at least get a 5 bag out of this and then flip into another one because the last hangers-on are juuuuust stupid enough to keep buying it out of desperation. And I’m only one level less stupid than they are.
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