As I mentioned a little while back, shorters don't have to sell their shares that they borrow immediately. If they feel the SP is trending up, then they will be happy to hold onto their borrowed stock and look for weakness. Why sell into an uptrend when they can wait until maybe make an extra 10-20% on their shorts. Again, maybe we do have a lot more traders here than we think? Because I wasn't overly excited by the SP raising as I'm not concerned about the drop today. It is meaningless other than to say wow my shares went up today or damn i lost 10 %.
We all know what we are waiting for, companies being named, deals being done and revenue on royalties ramping up. I've not seen any of this recently, so the SP will do it's own thing, but when we get what we want, then Elon musk will Tweet, "See our Space X starship rocket like the Brainchip Shareprice today!"
We all know what we are waiting for, companies being named, deals being done and revenue on royalties ramping up. I've not seen any of this recently, so the SP will do it's own thing, but when we get what we want, then Elon musk will Tweet, "See our Space X starship rocket like the Brainchip Shareprice today!"