RE: 20m oz5 Jul 2022 12:33
Jambo813
Great post and aligns with much of what our friend has been saying for quite some time.
However, there is risk as was pointed out yesterday. The question is, where is that risk. I know who my money is on and its not JPM (as i mentioned yesterday) which is sign posted by the US funds that have been reducing. Basically, JPM et al will roast the PIs who have piggy backed. Like PIs who get spiked, these PI shorts will get smoked!
Courtesy of CM...
'IF JPM are at or around 20m-24m and there are a minimum 65m+ short shares, of which another 2m are two US funds then we are looking at at least 40m shares from elsewhere. Say 20m are PIs, which could also be leveraged. JPM will have SI access...PIs wont. In that case no winner but there will be a few losers... Watch them turn to carbon.
We have an idea who they are...fairly certain TBF.