If the MMs who are on it...and say tehy super shorted it in 2018 and 2019 (and now it seems a fourth VIRT is piling in probably to "help" the other three)
it could be on the same algo as the one on citadel. it's what I've been saying now for a week.
they are proud of that one algorithm. they paid millions to develop it. of course they haven't done much to modify it for what happened in 2021 and ....as I write....heheh
CDEL and CTSI and GTSM have been over UBQU since 2018.
I think it might be on the same algorith as the rest.
and the rest are going to have some spicy green volatile action tomorrow
it does lack one thing amy and jimmy do. a supportive movement. I really do believe retailers own maybe 8B of the 19.9B out there....and let's be honest, they hate ballas and they hate the stock.
that's why I have a lot less confidence UBQU could squeeze like amy and jimmy.
but not saying confidence is 0 in that. after the next sell down after the run. I expect some mighty covering with a GDET merger and UBQU ticker change. I want to look at the magnitude up, the magnitude down, and especially what is going on in the other stocks as UBQU starts to head back down. and once done, the MMs WILL start reshorting the stock. they don't want a forced cover, but once done, they can go right back to their CZPR=0 thesis.
remember even 20B which would SUCK but 20B sold at 0010 is 2 million dollars. UBQU's debt paid and 300,000 in the bank future cash flow positive regardless of present earnings. then they could cancel the last 8B.
of course if I was ballas I wouldn't spend a whole 20B....but my point is we have toxic converters, they'll just sell enough like 1B to drive it back to trip 2. make the retailers blame and hate on ballas, and only return say.....300,000? leaving UBUQ still 1M+ in debt with interest.
if one has a short thesis on UBQU and wanting the final retailers to say I give in....and we get nobid. not bad for the toxic lender. especially if the MM offers the lender a 1M job with big bonuses later for "helping them out"
that's why just enough is sold imo to not pay the debt, make the debt worse, increase the float and get the retailers to say ballas will just keep doing this. and then retailers capitulate and nobid 3.0 and who knows? bankruptcy. never have to cover or pay taxes on any shorts still out there...ever.
that's how I considered UBQU a meme stock. nothing about it having any memes, but it's on the same short thesis plan, has been since 2018, as amy, jimmy, froggy, d wacky, Blackberry, nokia, and bedbathbeyond.
regardless, CDEL and probably VIRT and CTSI are looking at a difficult day tomorrow.
