Founders: Sunday Discussion Prep

NOTES

Day 1 to day 3 - longs in control of direction (adding)

Day 4- longs (technically) not in control.

• Most likely:

  • some shorts covered buying from old longs exiting

  • and…. Some early longs ( fund and bank) taking profits selling to momentum longs (strong hands sell to weak hands)

• Extremely unlikely after a rally but far more scary:

  • Banks covering shorts as l…