My thoughts are that shorting will be dangerous due to expecting news hopefully coming in the next couple of days if I read some of the posts recently. I see some unexpected buying this morning at .0227 which is the "squeeze" at which the shorts were losing money. I believe some of those will go ahead and buy shares on the cheap. I do look for a pop sometime this morning based on short covering. Those who sold might feel a pinch of pain here but get in early when you see the tide change and you might pick up some shares at a comfortable price.
Can anyone confirm my belief on short covering this morning? I'm speculating but if I was shorting and saw the runup recently up to .033...I would sure convert.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.