May 21 = $6.93. Then slowly short squeeze started. June 8 $22.13 climax with 735 million shares traded. AH $28.50 on additional volume. Q:- who sold on June 8 ? A:- MMs. Their job is to maintain liquidity. They buy and sell for their own account to keep markets liquid and orderly. I suspect they ended up with huge short positions at various prices between $6.93 and $22.13. Right now they are mopping up whatever little may be available to close their shorts. It may take several weeks to several months before they are completely off hook. Be patient. Don't be shaken off from your positions due to fear or greed. $Clover Health Corp(CLOV)$
Comments