Wow, I thought yesterday was bad with all the fear and pessimism. Look, there is a rumor going around saying that UTA was targeted and now its CCME’s turn. This is just more fear mongering once again. As long as shorts can make longs think something is imminent they already won. Hell, the stock price today proves that.
Among all the other HUGE differences in UTA and CCME, UTA only had 341,057 short positions as of 8/31. Just like before ONP (only 100k short) and now UTA had VERY FEW shares actually short.
2k Put options at $7.50 where sold today and everyone is freaking about that, are you serious? A $16,000 bet that next month we will be below $7 and everyone freaks? I think many people on this board are betting a lot more than $16,000 on CCME being much higher. Maybe someone just wanted to limit how much they would lose on their short position by doing it with options.
People really need to chill out and stop trading on emotion and trade on your DD. TRADE ON WHAT YOU KNOW, NOT WHAT YOU FEAR!
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