FLT chart, page-279

The way I see FLT right now is more of a technical battle between the shorts and longs

the shorts have not given up, in fact they continue to add or maintain their position, even though the share price has gone up from 13.70 to 21.85. shorts must be feeling uncomfortable right now - however the latest data doesn’t suggest that they are budging.


I also looked at short data for WEB - the shorts have reduced from 44 million to around 34 million - clearly the shorts are exiting their positions - as the data and share price suggest

on the weekly FLT ended at multi week highs. Implying further gains ahead. All it takes is a fund manager to pour In A few 100 million and the share price could easily run to 25-26. As you can imagine if you have a fund manager accumulating- shorts will have to cover at some point - which makes me think the chances of going higher are much stronger as opposed to going down.

From a value perspective this is roughly fairly priced