Current short situation19 Mar 2021 09:58
Been doing a lot of head scratching regards the latest increase by Millennium, it appears I'm not alone in trying to get my head around it. Surely given the stream of recent positive media, success stories and latest tie in with AWS which should generate at least an extra 300m in revenue this would not seem like a good time to increase a short. And now 3 hedgies with a similar steak involved? In the current increasingly positive climate how far do they think they can push the SP back, and then all fight to close their positions at a profit? Doesn't seem to make sense to me, perhaps their coordinated actions are however able to successfully slow and suppress any rise, and if that is the case we must ask ourselves why. Perhaps I'm overthinking it but I'm sure the bigger picture will begin to emerge in due course. Watching closely with increased interest.