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Doesn’t closing positions cause a price spike in the first place? It seems to me that they kicked the can down the road waiting for a better opportunity to do s
by tartoran 5y ago
Doesn’t closing positions cause a price spike in the first place? It seems to me that they kicked the can down the road waiting for a better opportunity to do so.
- gregoryjjb 5y agoIt did cause some price spiking, but the FOMO caused a much bigger spike and eclipsed the effects of the squeeze. Why do you think they "kicked the can down the road"? Short interest is still around 1%, down from over 100% in January. The hedge funds in question realized huge losses in Q1.