Koss Corporation (KOSS)

[baseball74]

I truly think you’re absolutely correct. The short interest is at 70% huge squeeze is coming very soon. We gonna see at least $100. It was over $100 2 weeks ago. I’m holding over 11,000 shares. $$$$$$$$$$$$$$$$$$

[theSqueezer]

KOSS is ripe for a huge short squeeze.

Insiders have stopped selling. Insiders sold 1.1 Million shares in the first few days of February. I spoke to the CFO this week and he told me the insiders WILL NOT be selling anymore in large amounts as the KOSS family wants to maintain control of the company. Therefore, they DO NOT want their share ownership to go under 50%. Its close to 51 % right now!

The short interest is up ...way up from Jan -15 reporting! As a result of the last squeeze in late January, that saw KOSS stock go from $3.90 on Jan-26th to $115 ( intra day) on Jan 29th, the shorts piled up on the stock as the short interest went from 12,755 on Jan -15th to 756,138 on Jan-29th, according to FINTEL.

I estimate the short position has since gone up to about 1 million. Although this is just according to my estimates, I do think I am pretty close to the marker. This is because, according to FINTEL, daily short VOLUME was still very high from Feb-1 to Feb-5th as it averaged over 1.6 million per day. Sure, the daily short volume has declined since Feb 5th, which means that the shorts have been covering their short positions. But given the extremely low float of this stock, I would venture to say that they been covering with very small volume by matching regular market sales volume with a short covering which requires them to buy an equal amount of shares in the open market. This has to been done like this, so as to not cause the buying to usher in a herd of buyers at the same time.

Shorts have to pay a near usuriously high amount of interest for their shorted shares. According to FINTEL, they have to pay between 77% and 105% interest on their borrowed sold shares, meaning they are getting desperate as their shorting of KOSS is losing them money....and the short squeezers that we are, it is our duty to take them out of their misery and buy up the stock, in order to force them the cover at much higher prices :)

This SECOND short squeeze should take the stock way over $100 and possible hit $200! Why do I make such an outrageous prediction? 1) Because KOSS is now on the radar of many REDDIT traders, whereby before, they were an unknown stock and the fast rise, caught many by surprise. 2)In late January, most of the market news centered around GME and AMC during the first squeeze, so many traders had to divide up the investable cash between 3 stocks. But now, KOSS will have the trader's undivided attention, and finally 3) They already have an active 750,000+ short position with as much as 1million shorts according to my estimates. Back in January 26, when the first short squeeze hit, the KOSS short position was just 12,755 ( Jan -15) and the stock still went over $100 (purely on the fact of the stock's extreme low float of 1.4M shares), imagine this squeeze, with over 1million short position and a 2Million public float, BOTH ready to supply the FUEL TO THE FIRE! KOSS to $200 in a few days is VERY POSSIBLE!!!

[Orphan]

The moon shot is coming soon!!!!!!

[OneDay4488]

I think the game is over for the selected few stocks ( KOSS) with GME. IMO they trade back to where they were like AMC. BTW insiders of KOSS were dumping every share possible during the spike.

[bar1080]

Koss family didn't get word about the locked_float.

* "Executives, directors and members of the Koss family sold more than $44 million in stock in Koss Corp. over the past week as shares soared from the retail-investor buying frenzy.

* Members of the Koss family, who own about 75% of the headphone maker, sold $31 million of stock, according to SEC filings.

* The $31 million in sales is larger than the entire market value of the company — at about $26 million — before its share surge."

--
"Executives, directors and members of the Koss family sold more than $44 million in stock in Koss Corp. over the past week as shares soared from the retail-investor buying frenzy.

Members of the Koss family, who own about 75% of the Milwaukee-based maker of headphones, sold $31 million of stock, according to filings with the Securities and Exchange Commission.

The filings suggest they sold at prices between $19 a share and over $60 a share. The company’s shares were trading under $4 a share before it became popular with the retail trading crowd and soared to over $120 a share on Jan. 28.

The $31 million in sales is larger than the entire market value of the company — at about $26 million — before its share surge. With Koss shares falling 26% Thursday afternoon, its current market cap is more than $143 million.

Within the family’s sales, Michael Koss, who serves as president and CEO of the company, sold $13.3 million worth in stock, exercising options on some shares for a net of $12.9 million. That includes some $3.6 million worth of shares that were held in a trust for which Michael Koss and John Koss Jr. were co-trustees.

John Koss Jr., who is the company’s vice president of sales, sold shares worth $13.7 million, netting $13.1 million, while Michael Koss Jr., who is its vice president of marketing and product, sold shares worth $3.9 million, garnering $3.7 million.

Nine insiders sold stock

"Directors and other executives sold a total of $13 million in shares. When reached by CNBC, a company spokesperson declined to comment."

https://www.cnbc.com/2021/02/04/koss-family-executives-cash-in-44-million-in-stock-during-short-squeeze-rally.html?recirc=taboolainternal

[TruckingAngler]

Regardless of confirmed short report today - KOSS not looking strong... Maybe after-hours as it did 2 weeeks ago Tuesday pm ?
Also - February 19 "triple witch Friday" when Options expire... That a long risky wait...
(It is often said that triple-witching expirations have the potential for increased volatility, due to the abundance of contracts expiring and the implications of many traders closing positions and opening new ones. Option traders know that next Friday 2/19 is the third Friday of the month, meaning options on equities expire. Additionally, it's a triple-witching expiration week, meaning stock index futures and stock index options also expire.)
GLTA
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[Orphan]

We are going to the moon with this stock!!!!!!!!!!!

[OneDay4488]

Going lower. If it breaks 17.25 we will see sub $15 quickly. IMO

[Orphan]

MOON SHOT COMING SOON!!!!!!!!!!!!

[Orphan]

Your sense of smell is correct!!!!!!!

[dancy]

I smell traces of "Year End Bonus" in this rocket exhaust post.

[Orphan]

MOON SHOT COMING SOON!!!!!!!!!!

[Orphan]

MY TEAM IS GOING TO START ROUND 2, !!!!! I can't wait this is going to be huge!!!!!

[OneDay4488]

Koss Corporation (NASDAQ SYMBOL: KOSS), the U.S. based high-fidelity headphone company, has reported its first quarter results for the quarter ended September 30, 2020.
Sales for the first quarter were $5,208,295, which is a 3.7% decrease from sales of $5,410,762 for the same three month period one year ago. The three month net income was $126,928, compared to a net loss of $310,749 for the first quarter last year. Diluted and basic income per common share for the quarter was $0.02 compared to a loss per common share of $0.04 for the same three month period one year ago. What should the PPS be with these financials ?

[Orphan]

It's just begun, time to begin another huge run!!!!! Gamestop style

[Surfacetite]

It’s over.

[Thunderstruck]

Looks like 13 and change is a buy.

[Pt3]

is true biden reduce stimulus to anyons who buy koss amc gme

[Surfacetite]

Snagged a few premarket. Leggo!

[TruckingAngler]

KOSS strong $35 pre-market (6am).
GLTA

[wickerman]

$KOSS maybe bagholders who chased this junk above $50 and $100 without knowing why found out what they owned.

[TruckingAngler]

Notice KOSS sells are 90% less than 30 shares...

[Pt3]

add everytime this drop lol

[Thunderstruck]

KOSS.... GOING TO GO PARABOLIC!!!!!!!!
Short Squeeze Stockbrokers And Hedge Funds Face Proposed Antitrust Class Action
SAN FRANCISCO, Feb. 2, 2021 /PRNewswire/ -- The Joseph Saveri Law Firm filed an antitrust class action lawsuit today on behalf of a class of retail investors in federal court against 35 defendants, including Robinhood, E*TRADE, TD Ameritrade, Melvin Capital, Citadel, Sequoia Capital, and others. The plaintiffs allege that they and other retail investors continue to be injured due to a large, overarching conspiracy among the defendants to stop them from buying stocks in open and fair public securities markets. Plaintiffs contend that the purpose and effect of the scheme was to shield hedge funds, venture capitalists, and institutional investors from massive losses they had exposed themselves to due to their highly speculative short selling strategies. Plaintiffs bring claims under the federal and state antitrust laws as well as other state laws and common law.

The retail investors held shares in twelve companies: GameStop (GME), AMC Theaters (AMC), American Airlines (AAL), Bed, Bath and Beyond (BBBY), Blackberry (BB), Express (EXPR), Koss (KOSS), Naked Brand Group (NAKD), Nokia (NOK), Sundial Growers Inc. (SNDL), Tootsie Roll Industries (TR), and Trivago N.V. (TRVG).

Several large hedge funds and investment firms, including defendants Citadel and Melvin Capital, possessed massive "short" positions in these relevant securities. "Short" sellers borrow shares or other interests in corporate stock, securities, or other assets. In so doing, they bet that prices of the securities will decrease. If the stock prices in fact drop, a short seller buys the stock back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the profit. Short sellers essentially bet on a stock's failure or decline rather than its success or increase.

Retail investors correctly identified that the relevant securities were undervalued. In fact, as the plaintiffs allege, the short positions were over-leveraged as much as 140%, such that institutional investors could not close their positions. These retail investors then began purchasing "long" positions in these companies, driving stock prices upward, resulting in great losses to those invested in short positions.

Short sellers were caught in a classic "short squeeze." When the price of an asset rises, short sellers normally face pressure to buy back stock to exit their short positions and mitigate their losses. Instead, as part of the scheme, hedge funds and others holding short positions publicized the relevant securities as being less valuable than retail investors believed. When retail investors continued to acquire shares and drive prices even higher, hedge funds and others faced potentially disastrous exposure when required to cover their short positions.

On January 28, many brokerages abruptly and unilaterally restricted retail investors' ability to buy long positions—in some cases removing the option to buy shares of the relevant securities while openly permitting them to sell their existing shares or prohibiting users from viewing the tickers for some or all of the relevant securities. Even those retail investors who had queued orders overnight to purchase stock when the markets opened on January 28 discovered that their purchase orders had been cancelled without their consent.

The coordinated prohibition on buying any new shares of the relevant securities eventually led to a massive sell-off and a steep decline in share prices. While retail investors continued to be prohibited from purchasing securities at the reduced price, institutional investors were permitted to buy securities at the artificially reduced price, closing their short positions.

"Rather than use their financial acumen to compete and invest in good opportunities in the market to recoup the losses in their short positions, or paying the price for their highly speculative bad bets, these defendants instead hatched an anticompetitive scheme to limit trading in the relevant securities," says Joseph Saveri, counsel for the plaintiff retail investors. "It is unlikely that such a widespread ban among brokerages would have been achievable without a concerted effort in violation of antitrust laws."

Plaintiffs seek to recover damages, as well as injunctive relief, on behalf of themselves and the proposed class, from the defendants. The case is Cheng, et al. v. Ally Financial Inc. et. al., case number 21-cv-00781, in the U.S. District Court for the Northern District of California.

https://saverilawfirm.com/our-cases/short-squeeze-antitrust-litigation/

[Mic ll]

Can’t buy this on Tdameritrade as of feb 1st
And these also
AMC, CVM, EXPR, FOSL, GME, NOK, BB, BBBY, FIZZ, GSX, IRBT, NCMI, TR, UONE, VIR, NAK, NAKD, DDS, KOSS

[sony12]

Not moving back up like it was

[Laylos]

The haulting is shaking lose shares

[sony12]

Why the drop. You think back up?

[Laylos]

Nope being haulting...still looks to be headed back to $175+, just going to take longer. The haulting is shaking lose shares for hedge funds.

[Digimann002]

Did the bubble pop?

[OneDay4488]

HIMR next? 10k of buying can move the PPS over 100% IMO. small float and trades very thin. IMO

[Pt3]

yes when they do we fly to NEW GALAXY LOL

[OneDay4488]

They have to lifer this restrictions as they will have liable litigation against them from shareholders and also the companies!! AMC,KOSS ETC have merits that Robinhood and other platforms are causing them financial hardship !!

[TheGreatSwami]

Almost the best performance on the reddit short sqeeze list.

[TheGreatSwami]

Anyone know the short number?

[TheGreatSwami]

Robinhood 1 share max of koss

[Pt3]

HOLD YOUR SHARES ROBINHOOD CAN ONLY BUY 1-3 SHARES ONLY LOL

[crynik]

APWC 5.00.....same size float as KOSS.....seen it on wallbets....might be next...

[TruckingAngler]

What a gift to grab KOSS $39s yesterday.
GLTA

[samstockguru]

Dang halted . Us peasants aren’t aloud to make money

[teifhals]

$200 coming

[TheGreatSwami]

They haulted it.

[BoilerRoom]

$KOSS how did I miss this one. SMH

[tortiello]

WALLSTREETBETSNEW TARGET AG $$$$$$$$$

[ClayTrader]

* * $KOSS Video Chart 01-28-2021 * *

Link to Video - click here to watch the technical chart video

[bcnuby1]

Halts are the only way they can control this ticker. glta

[ClayTrader]

* * $KOSS Video Chart 01-27-2021 * *

Link to Video - click here to watch the technical chart video

[bcnuby1]

The run continues into extended hours. imo. glta

[Jess070283]

Ok nice run I’m out! Thanks all!$$$

[jimmy667]

No they are not. You just wishing and pumping on every board.