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> In September an average of 1,581 shares a day of eis were sold short, representing 17% of the daily total trading volume. On October 2nd, five days before the
by adtac 3y ago
> In September an average of 1,581 shares a day of eis were sold short, representing 17% of the daily total trading volume. On October 2nd, five days before the attacks, a whopping 227,820 shares were shorted
It’s misleading to compare an average with an extreme, especially since October 2nd is the first Monday of the month and the fourth quarter (probably books being balanced). It would be better to compare with the maximum in the whole of September or July.
- Baldbvrhunter 3y agoor previous peaks and the factors around those and what if these particular traders had a habit of big bets and got lucky this time a bit like "these guys predicted the crash" and no-one looks at their other predictions
- fxd123 3y agoAlso, a lot of companies (and the US government) start their fiscal year on October 1st to avoid the year ending during holidays.