Good morning Girl,
One of Maone's post mentioned the shorted interest to be appx 6.5M in the last 10 days alone. I am sure there was shorting going all through the stocks rise from say 20-30c. Let's say short interest is 8M stocks at this point. Appx 34%, which I think is awful lot. I dont know how much position was covered past week, but probably 6.5M figure is the net shorting. Also the shorting mostly happened on 2 days - 1) when the CC was announced 2) On Friday when the expected PR was not there. Both incidents had the potential to create panic, and easy to spread that company is not delivering, or not delivering on time. Perfect for shorting.
I agree, squeeze will not happen all the sudden. My guess - would take a few days, like you said. But most importantly, if the company comes out with better than expected test week sales. I guess even an average consumer response should be enough to raise the stock price. I dont think the PPS would go down below $1. It would hover around $1 for a few days.. IMO.
Lastly, putting the ask at 10 or 15 does not mean that we think we can sell at those levels. Its just trying to hurt shorters as much possible. Would it work? Dont know. Just trying to do our little bit here. I think the big fishes are professional shorters, not yahoo/google boards. But I dont know how we can tackle them.. no experience. And would look to players like you or Maone or ones who have been in the market for long, for that..
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