I actually want to take a relatively largish position, ( for my finances anyway. ), but you are correct , the current downside risk seems FAR too high with the shorted shares outstanding.
IMO, we might see a small downtick by those retailers who are understandably nervous, BUT there is still way too much capital pushing against the SP.
A massive 5.14 double top perhaps, or something else?
EVERYTHING screams a buy, but that dark shadow is still too ominous. There just looks to be far too much soph capital, invested to the downside atm.
$4.38 was ny initial pivot to the up, but it well and truly jumped my 4.01 expected topside.
Great case study anyway, and if there IS a short squeeze, OR a short plummet, it may end up being a university study unit , once the dust finally settles.
Good News & Bad News, page-39804
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Mkt cap ! $8.429B | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 10159 | $3.02 |
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|---|---|---|
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