From what I read over the weekend, options if exercised are well over the float. I don’t know. We’re at least some of those naked? Maybe some exercised and dumped? We’re the shorts so out of the money on options it was a desperate measure to tank the price at the close Friday to stop the bleeding? I read Half the daily volume Friday was short sales, did they hold everything back until last 20 minutes of trading to get the stock halted so people could not buy? Did they do it to stop the options bleeding? I watched the LII and I saw buying countered by selling ticks, was that the shorts?
Like I said so many times, I don’t know what to believe, I am a novice.
Yea, I saw that. Something like 1000 to 7000 in 4 days? I can’t remember I read so many posts!
Like I said, I liked the mining aspect, I think crypto is the new internet. My cost average is in the low 9’s, probably low 8’s in my other account. I may ride it to the merger.
And as I said before, might be out tomorrow at the open. I don’t know.
I do like the explanation this guy goes into with a lot of info and technicals. I was actually watching when you posted. He also almost called the days action very close a few times, the day before!
Unlike many Monday morning quarterback's.
Discovered him a while ago. Probably from one of your links.
I have watched so many videos over the past few weeks, some saying its over, some saying its just starting, some say they don't know. I fall into the latter.
Some of these you tubers are pretty good, some I cant understand what they are trying to say. Its all good though.
I had posted a question on the merger some time ago. If I read correctly, merger share ratio was based on the 10 day average market price 10 days before the close. "If" the previous ratio was 0.12388 announced merger ratio and the stock price has risen 10 fold since the original document, does that mean the ratio now could be 1:1 or even higher? I think it may be based on the mutual market cap of each individual company?
Just asking, I don't know. Leave that to the smart people.
Etrade still has no shares to short. Fidelity has increased lending rate to rent your shares to 40.875%.
If shorts covered, why are there no shares to short? and why are rates still going up? Etrade has been out of shares to short for a while, a little over a week ago Fidelity was 33.875%.
If shorts covered why would the cost to borrow continue to rise? Ortex somewhere between 237% and 491%.
Like I said, no idea where this is going, I am just a novice.
I was more looking at establishing a new "High"
Honestly, I have no clue where this is going, and stated from day 1 I have no idea. But I think there is more fuel to add to the fire. A lot of FTD's coming next week. Every tick up adds to the squeeze.
But as always I am a novice, what do I know?
Appreciate ya MOD