The bots are walking this back up on a low volume squuuueeeeze
Again..... They will dump ot again sooner or later.... Sybs wont short more until any of the following happen: pcln >= 690 Pump, s&p >= 1480 mkt top comming , or pcln <= 580 failed.... until then sybs will ride nominal existing shorts and add to them on sybs 'algo' price targets...... Squeeze away, sybs already made a sheitload.
Are you ph'u'ck'in kidding? Youre right about sybs position right now, relative to what sybs had short... Sybs only got 1000 shares of pcln short (out of a max short of over 2800 sharez) and is looking to dish off a final 500 at $580, and hold the rest short as 'forever shorts' for tge eventual market collapse....
Sybs is sitting 30% short, 10% long, and 60% cash - a ph'u'ck'in MOUNTAIN of cash.... Sybs might have to withdrawl some to see a few of the bills with your name on them.
Nonetheless, his opinion is valid. You can short PCLN or buy puts in the two conditions:
1. PCLN jumps to above $665.
2. PCLN falls below $590.
In between $590 and $665, you have to stay on the sideline to let MM squeeze money from inexperienced traders. On condition 1, you can make a little money if you are nimble. On condition 2, you will make big money but it will only happen when most people are not expected it. Once PCLN falls below $590, it will test $530 in just matter of hours. $530 may hold. If not, we are talking lower $400's or higher $300's in a few days. That would be the great opportunity to make money in a very short period of time.