Proto, help me here because I don’t ‘get’ the business logic of the shorts here. I understand that institutions and market makers may coordinate their activities to make sure they both get the best possible deal. Fair enough, that’s today’s trading practice. Makes sense from their perspective. But those 22 million sold shares need to be recovered or bought back one way or another. Digging deeper would suggest nobody wants to be the first to ‘ pull the trigger’ and shorts believe to have more time . Trading yesterday with more sells and a surprisingly higher share price would suggest the opposite is true. Cannot imagine the business logic boils down to ‘ close eyes and ears this will pass and we will be good’! In other words if a squeeze happens so be it. We will take our losses with dignity. Any idea what the shorts hope to accomplish or how they think to avoid enormous losses? Cannot but conclude that the current practice of adding to their short position makes no sense to me. What am I missing? Is this a Houdini act and we will see a miraculous escape?
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