03-22-2019, 12:13 PM
Welcome aboard Coach24!
Yes, it is more fun going up, no doubt about it, however, there are two things at play here:
Yes, it is more fun going up, no doubt about it, however, there are two things at play here:
- Some profit taking or simply even buyer exhaustion after a tremendous rally on very high volume was always in the cards after going up from $1.5 in December to nearly $6 a couple of days ago, almost in a straight line.
- The short count is still something like 10% of the float, they pounce on these opportunities and come out of the woodworks to shake shares out of weak hands with a lot of scare mongering, innuendo, working on people's emotions.