Anytime you see a spam mail such as the one below (sent just hours before the shutdown), it's almost always a sign that it's a scam. In the case of NVGC, spam was sent out from many penny touters. They never apologize for being wrong. That goes for any touter/pumper anywhere--they are all experts who never apologize--they will blame YOU for being stupid enough for following them.
Short squeeze. Yeah. Sure.
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NVGC Short Squeeze Alert
Fellow Investors,
My analysis thus far has been spot on with NVGC and I feel like I have uncovered yet another catalyst
that will drive the price of NVGC even higher!
If you remember, last Friday we had a slight pullback that was caused by shorts trying to manipulate NVGC for their own gains. NVGC bounced back strong on Monday and the current situation is looking better and better every day.
Those same traders that shorted NVGC on Friday did so right around NVGC's current price. Now if NVGC continues to move higher these traders that shorted the stock in the mid .40 cent range will be forced to cover at a loss. If you are not too familiar with shorting, what happens when they have to cover is that they are forced to buy NVGC at whatever the current market price is. Now, if a bunch of traders go in and buy a stock all at the same time what usually happens?
That's right, the stock starts going parabolic and this is exactly what I think could happen in the very near term with NVGC. Traders do not like to hold short trades into holidays or weekends due to the uncertainty in the markets. With this said I expect many of the same traders that shorted NVGC last week will be buying NVGC to close out their shorts before thanksgiving.
I have said this once before but I have to reiterate. I have never seen a bigger rally within the stock market than when a short squeeze occurs. I have seen stocks move 10,000%. Yes, that is Ten Thousand Percent because there was not enough stock to cover the demand of shorts buying back to close out their trades.
Now I am not saying NVGC is going to move 10,000% but if the positive news from NVGC continues, creating more interested investors paired with the fact that all of these shorts will have to cover we could be in for "the perfect storm" where NVGC goes absolutely crazy creating new high after new high in the process.
Do you want to miss out on a rally like this? I think we both know the answer to that!
Talk soon,
A nation of sheep will beget a government of wolves. — Edward R. Murrow
