They marched it up to the top of the hill…. & marched it down again! Shorts … go away! The day traders know that the market is expecting a massive ‘pop’ in the share price, so they pile in and squeeze the market with volume and up goes the share price quickly. They are hoping to ignite a massive short squeeze but even if it doesn’t happen they are OK, because at that point retail investors panic and think this is it, we need to get in quick before this mother goes to $100: in they pile buying at the ‘pumped’ price whilst the day traders are closing their positions through retail buyers as the price bubbles away.
Market squeeze. It if goes well you get a bear squeeze and wild buying on the way up as shorts cover, if it doesn’t work you exit the positions slowly on the way down
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