4 ms·
> More than the total number of outstanding shares has traded per day over the last 10 days. This is important, but more important is what percent of those wer
by servercobra 6y ago
> More than the total number of outstanding shares has traded per day over the last 10 days.
This is important, but more important is what percent of those were used to cover shorts. If a large portion wind up in retail's hands or are part of the theory of hedge funds selling back and forth (I haven't seen much concrete evidence of that), that volume doesn't change the math much.
- majormajor 6y ago> This is important, but more important is what percent of those were used to cover shorts. If a large portion wind up in retail's hands or are part of the theory of hedge funds selling back and forth (I haven't seen much concrete evidence of that), that volume doesn't change the math much. Definitely, but I haven't seen any data sources that tell us exactly that. We see that retail bought a bunch, sold a bunch, institutions bought a bunch, sold a bunch... but we don't know the full path. And not knowing that is what makes it a huge, at-this-point-irresponsible gamble, in my mind.