$Eli Lilly and Co (LLY.US)$ people try to protect their shor...
$Eli Lilly and Co (LLY.US)$ people try to protect their short positions? cause it seems there's a spike of shorts around 900 range
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Buy blue chip and stable company 🚀
Left over cash will be used for daredevil trades for fun.
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Jack233 : Where you can see ppl short from here ?
Invest Long ✓ OP Jack233 : press "Chart" then scroll to the most bottom. Then I compare the short volume of that date to the chart during that time and saw a sharp drop.
I also like to read "Options">"Analysis", here I see how many ppl buy call/put. These ppl usually needs to defend to prevent big loss, so it kinda correlates with the short sale ?
Thanks
MomentumPython1337 : well yes you might be right there's probably a lot of speculators betting against the stock and now they've got to cover their shorts and when the bell rings they've got to quickly sell their puts and that might cause the price to rise.
but your name says invest long so are you here for the long term. then the short squeeze which affects short term price is inconsequential to your investment thesis?
Invest Long ✓ OP MomentumPython1337 : yes short squeeze doesn't affect long term buys, but I learnt a few from browsing different stock market, and comment sections. And I was just sharing to him since he asked. I see no harm