My roommate saw me staring blankly at my phone. “What’s wrong?”
“Nothing. The $Q 24-hour contract position is down 38.24%, while the price is up 74.71%. Positions are shrinking as the price rises, and I’m trying to figure out why.”
“Figure anything out?”
“This rally is probably driven by short sellers closing their positions and buying back. Whether it can keep rising depends on whether new money comes in.”
“So, did you buy?”
“No. I’m just in charge of research. I’m still an intern when it comes to trading.”
“Nothing. The $Q 24-hour contract position is down 38.24%, while the price is up 74.71%. Positions are shrinking as the price rises, and I’m trying to figure out why.”
“Figure anything out?”
“This rally is probably driven by short sellers closing their positions and buying back. Whether it can keep rising depends on whether new money comes in.”
“So, did you buy?”
“No. I’m just in charge of research. I’m still an intern when it comes to trading.”