Jul. 29 at 2:29 PM
$MSOS $GTBIF $TCNNF $CURLF $IWM
So +5% reversion for
$TCNNF already. Short sellers trying to sell it down again (algo ).
BUT, short sellers by showing how simple it is to manipulate
$MSOS price, are playing with fire.
Some trader w/lots of followers or another hedge fund could as easily manipulate
$MSOS price but UP while buying weekly calls (instead of shorting or puts).
This is kind of a Melvin Capital setup. If traders see the only escape for MSOS shorts is artificially suppressing 55% of the etf (GTBIF, TCNNF).
If I was a hedge fund manager, I'd keep buying GTBIF, TCNNF and long dated calls (esp. since as recent as last fall
$GTBIF had a
$35 PT (H),
$20 avg.
The short algo creators are hoping traders scare and pull back. But if they see the pattern and do the opposite, could see some wild moves.
GLTA.
I typically ignore market mechanics and stick to fundamentals but good for traders to know day to day, short sellers escape by selling GTBIF TCNNF.
Buy the dips. Free money
