Not entirely. Often a stock heats up and gets ahead of itself. People making the marketSo basically in short: The business of gambling on losers.
will short it down a bit. They structure buy to cover orders below their shorts. Short
positions are used to regulate the market.
If the stock is a loser, it's going to get shorted down so fast your head will spin. You won't
have the chance to bet on that. I have watched stocks getting shorted in the aftermarket
and then in the premarket getting shorted down even some more. When they want to
move a stock they move it. They put that price precisely where they want it. It's a fun game.
Tesla is through the roof. I forget the guy's name but he's the one that predicted the housing
crisis with Fannie Mae and Freddie Mac. From what I understand he personally lost a billion
dollars shorting Tesla. Tesla is being manipulated like no one's business.
I think gold is heading up long-term, but I also think it's gotten a little ahead of itself. I
expect to see it bouncing off those lower bands. If Biden wins I expect gold to go through
the roof.
