RE: Late RNS showing MM and QIA have both added?19 Oct 2022 18:49
I doubt QIA have been buying more. Not enough volume gone through. And it’s not a game that they play, picking up scraps to support their positions.
Far more likely, shorts having to close, getting stopped out. The opposite to what we’ve been seeing on the way down. Long May it continue.
There may be a technical squeeze coming with shorts who had borrowed stock from SB, being forced to buy in. We’ll find out over the next few days. If this is the case, this could fly.