Jan. 9 at 5:05 PM
$YGMZ Shorts borrowed a share, sold high, now they need to buy low to give the borrowed share back at a lower price than they sold it for.
Obviously they want to do that without squeezing themselves. So they do it slowly, they put shares on the ask to stop the price moving up, then hope to buy at the bid. Hoping people get bored and sell into the bid.
But few are selling down here, so the price slowly moves up ti catch more buyers.
If you want to send them a message then buy the ask, that is the last thing they want. That is more shares they have to buy back later.
