Replies to post #99144 on Lightwave Logic Inc (LWLG)

[x993231]

So last Friday the shorts sold about 816k shares to help squash the rally on Friday, they returned (covered) 250k so net Friday was +562k, they covered (returned) 790k shares Monday but they convinced the retail guys (bag holders) to short 500k more net was -300k. Yesterday they covered 748k and the new guys borrowed 350k net -400k.

The bottom line is that the short count is currently still 100k more than the official Finra short count with a settlement date of April 14th when the share price was about $9.50 that is a great trend as the share price in now north of $12 Bucks.

Of the top 250 squeezes looks like Lightwave is rated 78 on Fintel (that is liable to drop down as interest rate is more favorable now). The short score probability on another site has Lightwave at 84.83 which is higher than both RDBX 81.42 and ATER which fintel have as number 1 and 2 on their squeeze list.

How they are going to cover those 13.3 Million shares before a deal is announced is beyond me no doubt the retail guys (not the hedged institutional plays) will be forced to cover.


X and that was without any positive news over that period.

Understand shorts covered a little that is where the latest rally came from.

[oddone33320]

Wouldn't it be amazing if WallStreetBets or some other forum on Reddit picked up on the short position here, the potential that a squeeze would have on share price, and pulled a similar move as was done with GameStop and AMC the previous year.