i was looking back at the short interest and noticed something strange. someone established a short position that from mid october to the end of november that went up to 2 million shares. then it was covered right before the big move up. very strange. almost as if whoever it was got a heads up that the stock was going to move. cant imagine that whoever it was made any real money looking at the chart. huuumm... things that make you go huuummm.
I have a hypothesis to explain this occurrence... but, first I'd like to know how you can be sure that this is actually the case? I.E., how can you tell it's the same person/entity that is racking up short positions?
i guess i cant for sure, but it would be odd or a big coincidence if there were several different traders. the other strange thing is that the valuation was pretty low around that time, so there really wasnt much downside vs the potential upside. im curious to hear your take on it