Perhaps you didn't detect a little humour in my initial post.
Let me just say for the record that neither did I think Mr Morgan would read my little letter, or that it would influence a major insto to start writing cheques.
The point that Upstart is making is that the recipe for a short squeeze backed by a major insto accumulating was the exact same thing that drove the share price over 100% higher last time from the 30s
and that what happened next wasn't too far off with what I was getting at (with tongue firmly in cheek), except that time it was a combo of Cannacord, Mac Bank(!) and a couple of others that kept the pressure on as covering accelerated the momentum that was already well established by the fundamentals of a company turning from spec into supplier.
As far as what hides inside JP's vaults under all those invisible account holdings, we don't know. Its an established way of accumulating without showing your hand to the market.
GXY Price at posting:
47.5¢ Sentiment: Buy Disclosure: Held
