Q: Open interest fell 14.29% over $SOPH 24 hours, while the price rose 14.58%—what does that mean?
A: This rally was probably driven mostly by short covering, with no sign yet of new money coming in. Short covering eventually runs its course; whether the rally can continue depends on whether new money comes in next.
Just chatting—whether you win or lose, you have to bear the consequences yourself.
A: This rally was probably driven mostly by short covering, with no sign yet of new money coming in. Short covering eventually runs its course; whether the rally can continue depends on whether new money comes in next.
Just chatting—whether you win or lose, you have to bear the consequences yourself.
