Look at this paradox. $WLD is down 6.25%, but short sellers are sitting on massive losses. They’ve lost $3.29 million.
How is that possible? They got in too late. 435 bears versus 273 bulls. The crowd saw the drop and rushed to short, putting up $33.5 million. Meanwhile, those who stayed long are calmly making a profit of $1.32 million.
The takeaway: this isn’t the bears in control. It’s a trap. Short sellers dug themselves a hole and jumped right in. The price is falling, but their positions are getting burned.
As soon as WLD finds support, this $33 million wall will turn into rocket fuel. The shorts will get wiped out. The only question is when the carnage will begin.
How is that possible? They got in too late. 435 bears versus 273 bulls. The crowd saw the drop and rushed to short, putting up $33.5 million. Meanwhile, those who stayed long are calmly making a profit of $1.32 million.
The takeaway: this isn’t the bears in control. It’s a trap. Short sellers dug themselves a hole and jumped right in. The price is falling, but their positions are getting burned.
As soon as WLD finds support, this $33 million wall will turn into rocket fuel. The shorts will get wiped out. The only question is when the carnage will begin.