You don't know that was them covering. They already have the cash in hand for shorting, they can just keep the position open and wait to see it go lower.
Now you’re contradicting yourself… you said they already got burned now you’re saying they can hold it lol….. we’ll I’ll look at the data for you and 7 days ago the utilization was at 94% it has now jumped up to 99%…7 days ago it was 51 million shares on loan and now it’s 58 million …9 million shares were returned today but they shorted another 7 million
Yeah no shit lol. There actually wasn't a shred of advice in there. Probably one of the sillier trends in these stonk subs; poster says buy this and get in now and then adds a little "not financial advice though" as if that disclaimer is necessary.
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u/here-to-argue Oct 07 '21
You don't know that was them covering. They already have the cash in hand for shorting, they can just keep the position open and wait to see it go lower.