Here's SPX / Gold (US large caps priced in gold not USD) going back to 1982. The current selloff in SPY / SPX is worse when you unmask the currency weakness. https://t.co/wFVWMnfjCM
@the_big_long Shorts and longs tend to get in trouble at extremes. At $30+ asymmetric risk to the downside if momentum doesn't hold. At $15 asymmetric risk to the upside if momentum doesn't hold / catalyst appears. Shorts believe a 0 I don't.
@the_big_long Agreed on both counts. Much lower pressure from a short positioning standpoint and momentum is not in favor of longs. Were a GAG sale to happen would have a material impact to debt positioning - but that's an unknown timeline (though willing to believe this year).
@byr10148 @BrokenStoc45427 eh can't make everyone happy
sucks losing $50K being short. maybe don't base your trades on how you think other individuals are positioned, it's irrelevant
manage your own trades
RILY's not done, but doesn't mean it's as asymmetric at $35 than at $15 - position accordingly
@abadessenc@ebrakedrip @mingotweet official short interest is updated infrequently and ortex estimates. however, i can see that there's 0 shares available on IBKR, so doesn't look like covering. that being said shorts can cover through buying calls
Short interest still above 11M with $RILY's 88% rally over the last 5 days - spicy. No real way for all shorts to exit so the only hope for them is to wait it out - dangerous game though