Retail had the ability to do this in the last week but decided not to buy and fight over half pennies.
What was everyone’s contribution margin over the last 2 weeks?
Why do we need a hedge fund???
44,000 shareholders x 1,000 shares purchased = 44,000,000
At some point the shorts can’t absorb and will need to cover. While the recent moves were nice, we are still in the basement. Slow and steady will win the race but I imagine we all want some violent price action.
(1)This will occur by everyone doing their part. (2)Natural time decay with incremental price support. (3)Bottom line news that moves the stock.
At this point the most controlled way to force the shorts to capitulate is for retail to not fight over pennies AND BUY.
At some point they break. DO YOUR PART AND BUY.
If not, end of Q to 10-15 is when it starts.
DO NOT FIGHT OVER PENNIES.
CAPITULATION!