I've absorbed losses on my short positions because to be honest I'm not buying it. My analysis states that because we're in a low volume area, we're so far from the point-of-control, we failed to following through with the short squeeze, there's very little volume, and we're forming lower highs, we should expect a dump.
I am short because this move up is going to make the institutions and whales so wealthy it isn't funny.
Liquidate all of the shorts to make everyone euphoric and cry "it's finally bottomed!" Then, cost average in your short sells and make double on the way back down.
Think about it folks, the big guys don't lose and there's more potential back down now after the short liquidation than there is to the upside.
I could be wrong and this isn't financial advise, I could be very wrong.
In my opinion, we're about to see a dump probably similar to the size of this short squeeze because that's just how this cruel game works.
I am short because this move up is going to make the institutions and whales so wealthy it isn't funny.
Liquidate all of the shorts to make everyone euphoric and cry "it's finally bottomed!" Then, cost average in your short sells and make double on the way back down.
Think about it folks, the big guys don't lose and there's more potential back down now after the short liquidation than there is to the upside.
I could be wrong and this isn't financial advise, I could be very wrong.
In my opinion, we're about to see a dump probably similar to the size of this short squeeze because that's just how this cruel game works.