GNBT
LONG HERE
posted by 417571 at 1:09 PM
A situation in which the price of the stock rises and investors who sold short rush to buy it to cover their short position and cut their losses. As the price of the stock increases, more short sellers feel compelled to cover their positions.
2 Comments:
Yes WE KNOW it went up today. You issued your alert just before closing. WHAT IS THE POINT?
The "point" is with the up day today, tomorrow could panic some of the shorts to cover sending the price higher :-)
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