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Re: lizzy241 post# 392629

Saturday, 11/05/2022 2:56:26 PM

Saturday, November 05, 2022 2:56:26 PM

Post# of 425965
The short float is 2.52% and the short interest ratio is 3.02. True those are not huge numbers but what you are over looking is the TA price squeeze setup. The daily range has been squashed to its lowest level since pre-REDUC-IT.

Along with that, volume AVG has decreased to it's lowest level since May. in other words, the exit door for shorts is very narrow producing a Bernoulli's type phenomenon once the herd of shorts is spooked and they clamor through such a tight exit with few shares available to buy - due in large part to an onslaught of bargain buyers.

So yes, if it takes 3 days for the total short float to cover at near record lows, I think we'll see spirited buying if sparked by great results.... at LEAST sufficient to reach the 200MA
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