Sykes tweeted that he does not have a position in LTUM anymore, meaning he has stopped shorting. Means he thinks the downside is limited here...even he realized it...and my guess is there is still lots of covering considering 16mn shares short.
This is nicely set up. As I said Mon~Wed we can get a covering rally. News on their progress as they get active on their deposits will help this move solidly up into the multi-dollar range imo.
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