Quote:
Originally Posted by joshuanip
It's not the shorts, the borrow actually increased from Friday and the borrow rate remains at 2%. Also, we are talking just about 1MM market value traded today, too small to make it count for the book. This is just retail selling. But it has the same affect/pressure!
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There was short pressure on the stock all day. Problem is it’s so thinly traded any selling pushed it down so don’t confuse a slightly elevated volume day with just retail selling. Hard to sell a lot when there’s no buyers and market makers won’t take volume.