So they let the stock climb after they cover. China slowdown means they grow at 6.8 %. Thats what shorts use as main reason to short here. But china is HUGE, and the middle class consumption is INCREASING, NOT DECLINING.
Its urgent to cover today because CHINA stock market could bounce tomorrow and who knows if a short squeeze could happen.
so will shorts do (buy shares tomorrow or monday to cover)
indeed, it has been toxic to me. Only selling covered calls has reported a profit to me, like now that I just bought the calls for nothing , to profit.
could this be a support???