@manteltje, fake news indeed. I already double my position once so far, with an adjusted cost basis of $12.975. Waiting to do it again but if history repeats itself it won't be at these price levels for long.
manteltje
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@rolledchange, me too swing traded this a couple of times. Maybe you right. I’ll keep my eye on it.
rolledchange
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@manteltje, respect. I think a good trader never turns their back on any opportunity entirely. I now have a cost basis of 12.72..... And that's not considering option premiums which stack up weekly and technically reduce my entry on paper..... People pay my bills for me!
csdailey
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@manteltje, Not sure what you mean. The bad news is already reflected in the chart and it looks like the shorters are running out of steam. They will have to pull out eventually
They need people to sell..... That's what a good short report does, it creates the sellers from holders that get scared when they read it. Without genuine sellers, the short can't exit as cleanly.