MiniwhaleOP72886119:
This stock 60-70% has been shorted daily, plus 60% is off exchange, which means all the 60% trading is off the table, wont impact the price, no wonder why it’s going down everyday
72886119MiniwhaleOP:
Thank you for the explanation. But correct me if I'm wrong. I thought the massive dip in the stock was because of the UBS securities lawsuit that started in September mixed with the company layoff staff? Will we be seeing a bounce soon? Sorry for all the questions. Thank you
72886119 :
lol, okay, I am not new. But I really didn't understand about the shortage percentage chart you posted earlier. I've been hodling since 2021. I was trying to look for answers.
MiniwhaleOP72886119:
It’s only a reference, SEC used to ask shorts to report shorting volume voluntarily, the actual number might be 10X, 100X of what it is shown, hope the new SEC transparency obligations can help to reduce the illegal/naked shorting, but who knows? Might be Michael knows.
72886119 : Can you explain it? I'm new to stock trading.
MiniwhaleOP 72886119: This stock 60-70% has been shorted daily, plus 60% is off exchange, which means all the 60% trading is off the table, wont impact the price, no wonder why it’s going down everyday
72886119 MiniwhaleOP: Thank you for the explanation. But correct me if I'm wrong. I thought the massive dip in the stock was because of the UBS securities lawsuit that started in September mixed with the company layoff staff? Will we be seeing a bounce soon? Sorry for all the questions. Thank you
MiniwhaleOP 72886119: Seems you are not new. Have fun
72886119 : lol, okay, I am not new. But I really didn't understand about the shortage percentage chart you posted earlier. I've been hodling since 2021. I was trying to look for answers.
MiniwhaleOP 72886119: It’s only a reference, SEC used to ask shorts to report shorting volume voluntarily, the actual number might be 10X, 100X of what it is shown, hope the new SEC transparency obligations can help to reduce the illegal/naked shorting, but who knows? Might be Michael knows.