Blade, I was wondering if you have any ideas concerning possible targets for the Reddit Army? I see they may have pivoted into the bio sector, with ANVS, AVXL, and SAVA, but any ideas on what could be next? Those 3 stocks happened to have CNS programs, but I figure that particular aspect might not be repeated.
It appears they don't go after OTC stocks, preferring instead stocks traded on the Nasdaq GM, GS, and CM, or the NYSE. Usually there is an existing short position, usually over 10%, but several times they have gone after stocks based on their extremely low floats. With ANVS the short position was only 1%, but the float was extremely tiny at 4 mil, so the low float made the big spike up possible even without inducing a short squeeze.
CRVS looks like a possibility, and has the main criteria -- trades on the Nasdaq GM, float only 14 mil, short position 9% of float, and the chart is way down and flat, and the share price only 4. So looks like a possibility. But there must be hundreds of suitable Reddit targets, and the odds of picking one of them is fairly remote.
In a way you have to admire these Reddit guys, they found an efficient way to achieve fast riches using their social media army. Very resourceful..
