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DonPalme Profile picture
DonPalme
@don_palme
Just a simple-minded guy, barely able to use his brain.
Jul 15, 2022 • 6 tweets • 3 min read
To all the #COKE stockholders,

The reason you lost money today is abusive short selling on ETF's containing the S&P Small Cap 600.

The ETF's were used to indirectly short another company in this index, so the short sellers bought all other stocks in the ETF including $COKE... So when $COKE left the index today, the short sellers had to get rid of these additional stakes in $COKE at all cost.

This created the massive sellof you experienced.

By the way: $COKE was replaced by $GRBK Green Brick Partners in the index, which rose about 9% today...