Meta Platforms Inc (META)

[kooleraid]

Certainly.
They squeezed the crap out of shorts during the last earnings release and the days around it. Then they probably did what most penny stock promoters do when they need to dump - they have been shorting what they can since then to create all the padding they can in other words they probably already sold or lent to be sold 1/3 to 1/2 of what will be unrestricted cob Wed Nov 14 and starting Nov 15 they'll cover into the shares becoming available. Most people probably won't dump all positions given that there are tax considerations and probably finding a way to split the tax liability on the sale of stock over multiple years is the way to go. Couple with the ratio sells / VWAP algos managing the momentum for anything they have not prep'd for - i'm thinkin' won't crack $15 after all is said and done. I'd say $17 but with the looming Obama tax talks - you never know what people get advised to do.