So, to summarize, first you confidently predict a short squeeze some time in the future:
when (not if) the time comes and amature(sic) shorts such as Wexler are squeezed horribly
And then you crow about how short interest has fallen and not subsequently risen:
According to the official data the short interest on CYBG has dropped over 50% from month of May to June. And from June to July it only increased by 100 shares
Mr. Jamshidi, with all due respect, if you understood almost literally the first thing they teach about stock shorting, you would know the conditions necessary for the coveted "short squeeze" to happen, and you would then know exactly what is contradictory about the above two statements.
In truth, of course, the change in the short interest is quite easy to understand by comparing it with a chart of CYBG price and volume. CYBG had pulled a four-bagger in three months. Then suddenly the volume dried up. That was when the shorts moved in. After CYBG dropped 40%, the shorts by and large cashed out.
Actually, if you go back to the VIWES site and check out twelve months back on CYBG, you'd see that apart from the May spike, short interest has been very steadily rising. It's now at two days volume. When it gets to five days, then we can talk about a short squeeze.
Or, if you really think it will help, you may remain silent instead. That will be fine too.
and especially in the temporary bear market that we are having this is indeed a very good sign
Oh, and also note that the figure was as of July 15, and the recent slide in the market started on the 20th. Sorry, no good. |
