Strategic Increase in $MAXN Position Amid Strong Buying Pressure
$Maxeon Solar Technologies (MAXN.US)$ I just increased my position in $MAXN by an additional 2,000 shares. In my view, short sellers are overextended and running low on leverage. If I were in a short position, I would strongly consider covering immediately. This morning’s brief dip at market open was quickly met with strong buying pressure, indicating that all attempts to drive the price down have been largely ineffective.
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SeaBird0110 : I’m waiting for the right moment and going to short the fuq out of this!
Xiao Jian OP SeaBird0110 : Ah yes, waiting for the ‘right moment’ to short MAXN. Brilliant plan! I’m sure the stock will just roll over and play dead, totally ignoring the fact that strong buying pressure already smacked those shorts around. Good luck with that strategy, it’s bound to work… eventually.