That's good (CTGI) news, no doubt, but sad fact of the matter is, they were only able to cover (and profit nicely) because someone else sold and took a loss.
Investors need to learn to recognize manipulation, and short-selling is a manipulation of a company's shares.
My condolences for those who sold at a loss. These are times when NO ONE can afford a loss.
Also, I find it interesting that so much attention is finally being given to NSS and 'legal' shorting. If people look closely at this phenomenon, they'll see that it's a clear admission that shorting is NOT GOOD for the economies.
Plain....and simple.
It should NEVER have been allowed to exist in this country, much less, for the 70 years that it did. It goes to show that crooks fill the offices that allow it, and it goes to show that only 'cheats' promote it.
Again, plain....and simple.
(BTW, if shorting was anywhere near 'good' for the markets, why are those who engage in it so rarely seen publicly 'proud' of what they do? I'm 'proud' to OWN my shares. I'm 'proud' to be a Long. Why aren't Shorts 'proud' of what they do? Answer: Because they know they drive companies out of business and often send good, hard working people looking for new jobs.)
Market Data 
Markets 
AI
