Most shorts were made above $0.50 - They are betting that it will fall further, maybe below $0.40 or so. What is being said here I think, is that the shorts will NEED to cover at some stage. If the floor is here then they will need to cover soonish and below the $0.50 mark to make any profits.
"However, your argument is that you've seen shorters get it wrong before therefore this time they must be wrong also?"
If research has be done and one believes what has been told about the company, then yes, they are wrong here also.
I for one and imo, am betting the shorters have indeed made a bad call shorting TIE. They got balls for sure! A $500million Market Cap for TIE does not really make sense as its worth for the future story that we have been told. The shorters are betting the story is a fairy tale. Time will tell. They are either right and make a killing, or they are wrong and lose their shirts.
There is currently 27+ million shorted at the moment but at a daily rate of 3 to 4 million traded, it will be some squeeze if there is any smashing news.
I watched the LTR squeeze and most other Lithium stocks rose on that day also and in double digit percentages, all because shorts Shat themselves. It was an amazing day. Extremely satisfying!
Goldies will have there day back and if the news or update is great for TIE, good luck to the shorters buying stock back on the cheap.
Just my thoughts and opinions. Have a nice holding in this so I am biased.
GLTAH
TIE Price at posting:
47.0¢ Sentiment: Buy Disclosure: Held
