lariet
:
heavy shorting. that's why the volume is so high. as much as the price per share has gone up since the beginning of the year people who were shorting it then and are deep in the red May be getting close to being margin called. so they double down and short it more just to try to keep the price down.
lariet
:
they short it more for 2 reasons one they believe the stock is over valued. and 2 to try to get people to sell their shares by making them think the price is going to bottom out.
lariet
:
it's looking pretty good since the price is rising due in part of Bitcoin going up. BTW they are also shorting to try to keep the price under 7 dollars a share because it's a key price for call options to be in the money.it would create more buying pressure for the price to run higher
lariet : heavy shorting. that's why the volume is so high. as much as the price per share has gone up since the beginning of the year people who were shorting it then and are deep in the red May be getting close to being margin called. so they double down and short it more just to try to keep the price down.
lariet : they short it more for 2 reasons one they believe the stock is over valued. and 2 to try to get people to sell their shares by making them think the price is going to bottom out.
JT99 OP lariet : so we are gg to rocket it up if BTC goes up and buyer set in
lariet : it's looking pretty good since the price is rising due in part of Bitcoin going up. BTW they are also shorting to try to keep the price under 7 dollars a share because it's a key price for call options to be in the money.it would create more buying pressure for the price to run higher
TechWhiz : relax, normal profit taking. other miners are also down. there will always be shorts n longs, that's why it is liquid n volatile.
should be sideways action with an upward bias from now till they announce the ai contract.