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Post by jeremg on Dec 7, 2015 22:03:48 GMT -5
another thing that has me way off and confused , is that the interest rate for loaning shares has drop significantly yet the pps has dropped significantly after the interest rate dropped shouldn't the pps raise since the shorts where covering aka "buying" shares on market to cover? It's infinitely more complex than that, what makes you think the shorts were covering? Short % of daily volume was back up to 60% last Thurs-Fri. Alternatively they could have easily covered into Tax Loss selling while the net effect was still a decrease in PPS. |
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