Most likely Kherson, IMO, you enabled the shorters to sell more shares if they were abiding by the uptick rule. If the arrow on the stock changed to green , the short sellers were able to sell at least once. After they sold the once, the arrow remained red and prevented them from selling more shares. They waited for the next uptick, when you bought, and sold again. They only used small lots of shares to do this, and may be suggestive of trying to hold the price down, so frustrated investors will sell larger lots at lower prices, so the remaing shorts can cover. I see Citi group may have been the perpertrator today, they kept selling down, everytime you bought. It looks like Jitney may have been doing the same earlier in the day. I wouldn,t be surprised Citigroup was anonymous before. I was just thinking, is Citigroup still a legitimate brokerage?
The sale of these shares into the market is subject to
certain exchange rules and margin requirements. For
example in Canada, selling a stock short can only be done
on an
uptick
, or a flat-tick, that is, when the most recent
movement in the stock’s price has increased or remained
flat.
4
Eventually, the shares are repurchased, ideally at a
lower price, and returned to the brokerage firm from
where they were borrowed.
