Any opinions on the short strategy of exit vs stay. New dynamic starting today.
Sentiment: Strong Buy
The trick with junk is finding bagholders willing to hold the bag. It's very competitive finding new rubes in this market!
Sentiment: Strong Sell
I suspect their conviction is as strong as ours. They will probably wait until the final announcement, give it a day or two, then rinse and repeat with their shorting.
I think they orchestrated yesterdays explosion and have already started their exit. But I expect alot more will follow.