I doubt that this trading is longs taking gains, not just before earnings. This is mostly shorting IMO. As I said in an earlier post, I fully suspect that the short interest is as high as ever.
I think the shorts, the poor naive shorts, think that the current price has setup a long squeeze of epic proportions and they are still piling on waiting for their payday.
If I am correct, then the short squeeze is still on the table.
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