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Saturday, June 08, 2019 1:10:26 AM
I don't even consider a short-squeeze. Every time I hear people tout a coming short squeeze it seldom, if ever, happens. But...I hope you are correct as it will be a pleasant surprise.
Food for thought over weekend.
IF there was a short naked 4m that in theory "stock buyin gets "called in", IF stock crosses .80 and closes above said price".
This is because too risky for brokerage house "bank" to allow short to pay such high interest. And of course far too risky for bank to never get shares which were borrowed or fake so brokerage firm has to buy and basically pays any price and tells short you OWE X amount of money. Hence why some traders literally comitt suicide upon such a gamble literally bankrupt, bank takes your home all assets and jail time if you can't pay.
Very similar to someone whom buys on margin but stock crashes brockerage house instanly sells your stock.
Long story short Monday IF there is a large short or naked short that exists they must cover....
Research VW short squeeze entertaing.
https://www.reuters.com/article/us-volkswagen-idUSTRE49R3I920081028
WEYL could run BIG folks...
Either way WEYL going up.....
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