Watch this video and the subsequent one. This whole series is good but #5 and 6 described the short in this ticker to a T.
Short Squeeze gets us to $25, $35, $55?? Then major a news run leading up to the 29th. How high do we go on fundamentals???
Should be fun because the only way out for the short is to buy and he is short around $2 and did you see what a little buying pressure did on Friday? Even if he ONLY has 500k to cover that’s a ton of shares on something that trades 10-15k per day. He’s trapped and his broker will buy him out at some point with a market order and boom.
The 50 & 250 share attempted mark down to $3.23 or so from $4+ near close on Friday was comical and shows the shorts desperation to keep his margin call down. I mean what long would sell a stock down .80 from its last print with momentum on the buy side?? Only a trapped rat naked short.
A buyer smacked it hard into close. It was fun to watch. He didn’t expect that on a Friday when most sell for beer money or are on the golf course already.
This week and month will be fun. Kodk or SPI type move is very possible IMOP soon enough.
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