Thursday, September 02, 2021 1:12:25 PM
SHORT SQUEEZE IMMINENT?
As they say, pride comes before the fall, and the recent push from the shorts could be a sign of nerves showing. Consider, oil prices, which have been sliding off their record highs, are beginning to recover, and as of this morning are up on the back of a dwindling supply exacerbated by Hurricane Ida; and hurricane season is just getting started.
Some experts including a well-known Bank of America strategist have called for $100 oil. That day could be ahead, and AGYP whose $32 million dollars of potential reserves were factored at an oil barrel price of $46 about $54 dollars below the projected value of oil, could be a major beneficiary.
Couple this with Labor Day signaling an end to the summer doldrums, AGYP could not only see an increased appetite from longs, but may end their quiet period soon, and if the company sees any sort of positive news, these shorts would need to cover in a hurry.
The point is, this is generally what a stock looks like before it goes all AMC and GME and squeezes short-sellers into oblivion creating large opportunities for bulls.
https://topnewsguide.com/2021/09/02/allied-energy-corp-otcmktsagyp-might-remind-investors-of-amc-or-gme/
$AGYP
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