Quote BS LOL, "Retail shorts still in denial"
What??????
1) There is almost ZERO "retail" open short interest in this stock, LOL!!
2) IF one was short this stock- THEY are the only ones who've been making money on it. It'd DOWN approx 99% since it began trading public. It's DOWN from a high of about $12.50 on a one yr chart. It's DOWN approx 50% on a short term chart- from $7.50 approx 60 days ago to barely $5 and change today with a very recent new 52 WEEK LOW of $4.88, LOL !!! A shorts dream come true. It would be LONGS IN DENIAL based on all the pertinent FACTS and actual reality???????????
3) If ANYONE is "short" this stock to any large degree- it's 100% most likely a) The UNDERWRITERS and b) THE HEDGE FIRMS THEY SOLD THE SECONDARY TO such as Blackrock thee hedge fund and c) The book-running firms such as COWEN who just issued the "buy" rating today- a very common "sign" of a firm looking to unload a lot of shares FOR THEIR OWN POSITIONS or "clients" of theirs (aka hedge firms and similar). Those are the "usual suspect" likely short candidates. Oh, and any "pro" as in professional Nasdaq hedge fund or similar "pro" short trading desk- who live off of weak, barely $5 per share, cash poor, highly speculative, low float, easy target SHORT CANDIDATES, GOLDEN SHORTS such as OCAT presents right now. NO PRODUCTS, NO REVENUES, HIGH DILUTION, LOW CASH, NO PROSPECT OF REVENUE OR PRODUCTS FOR YEARS if EVER, etc GOLDEN SHORT TARGET PAINTED IN BRIGHT RED IMO.
LONGS are in "denial" if anyone, LOL !!! Pull up a 3 month, 6 month, 1 yr, 2 yr, 3 yr, 5 yr chart- it's a LOSER or DEAD MONEY if there ever was one, LOL !! What would any short supposedly "be in denial" about- they and the insiders who sell n dump share for self enrichment are about the only ones who've made any real bank off this stock???
The statement makes ZERO sense? None.
Posts contain only my amateur opinions, personal views and thoughts. I discuss stocks as a hobby only. Always do one's own due diligence before investing.
