Short position only down from 9.4 million to 9.3 million. shorts do not realize the party for them is over. One of these days the longs are going to smell blood and put the shorts in the same position the shorts had the longs in for the last two years.
Someone made a large bet the other day and I thought it was slightly bearish.. But now it was a real bearish bet. They sold 2000 march puts and shorted 100K yesterday and 100K the day before. Amazing they are already in the money. If the stocks at $15 they will just cover with the puts. With a slightly offsetting call position to limit losses. This is why CDE has underperformed the last week. Even today when others are up 50 cents CDE up 5 cents. Silver up 50 cents? CDE up 5 cents?????? You cant beat that without support and you cant get support when you keep ripping off people and what they pulled on the road trip without mentioning that they had the franco deal might have a lot to do with whats happening. Its one thing to rip off retail but a whole different matter with fund managers who dont really care about roping others with thousands of other companies around to get them the 10% gains they need to keep their jobs.