Retail longs already won this fight. They held ... and ARNA delivered. Other then naked shorting or HFT follies , HFs have no ammo. Even options are going to be tough to control.
too few sellers
not there and wont be
Great they can not naked short ARNA any more!
Naked shorting is selling the stock short regardless of whether or not long shares are avail for borrowing. What this tells us is that shorting is maxed. So if money is going in its going to the buy side.
Sentiment: Strong Buy
It's the way I read it. Nice and succinct post, outsider. Can't wait to see where the next act to this on-going drama leads us.
I checked with Etrade's share loan Friday. ARNA is NIGO for shorting, meaning borrowable shares are unavailable. Love to know what Schwab, TD, et al have to say.