It’s very hard to short the stock. But I believe that large institutional investors were willing to buy high and sell low to attack the stock.
A key item for Trump is for the stock to stay above $17.50 for 20 days out of 30. He gets a bunch more shares. On paper now it’s okay, but I think it is going to be huge going forward.
He means it’s hard to borrow; to actually short it. But to your point the options chain can wag the dog, but dumping shares you don’t have is the only way to do this IMO.
It’s very hard to short the stock. But I believe that large institutional investors were willing to buy high and sell low to attack the stock.
A key item for Trump is for the stock to stay above $17.50 for 20 days out of 30. He gets a bunch more shares. On paper now it’s okay, but I think it is going to be huge going forward.
It's not that hard to short the stock. I can sell a call on it with virtually no effort. What makes you say that it's hard to short?
He means it’s hard to borrow; to actually short it. But to your point the options chain can wag the dog, but dumping shares you don’t have is the only way to do this IMO.
Gotcha. Thanks.