Nov. 14 at 7:37 PM
$NEGG sorry I’ve been busy with work. Still am. Still holding. I do think hedge short positions are still in place but being hidden from OCC somehow. I do think share lending pulled to lower CTB. I do think this was done to get some retail short positions encouraged with some hedge shorts being transferred to retail. More shorting lower price so their positions get covered lower than otherwise possible.
A float lock will destroy retail shorts if it does happen. Brokerages can essentially choose whatever number they want to close those retail shorts at as margin calls are not immidiate but they can force liquidation whenever. Those retail shorts then will transfer right back to hedge except with a starting point of a much higher share price.
Idk what I’m doing. Never have, never will. All of this is just a guess. GLHF
