I had been bearish for a while
At this sp level, I am buying/adding
Long hedge funds/institutions may add plenty more and fight back to the short hedge funds
short hedge funds often lost money. much worse than long side this year.
Some short hedge funds underestimated long side muscles yesterday. started price, $5. It was much too low. I do not think at current bull market long hedge funds/institutions would be stoploss at such low price.
Surely TERP, $5.75 would face pressure.
BLD Price at posting:
$5.10 Sentiment: Buy Disclosure: Held