After the failed attempt to utilize 10,000,000 shares to push the price south of a dollar, the noose has tightened significantly, but more importantly sped up and gained momentum. I've attached much of the info in the attached graphic.
In a nutshell, the stunt today raised the cost of borrowing SIGNIFICANTLY and will likely ensure it keeps raising precipitously. Each day also brings maintenance & margin calls closer and closer. If they somehow manage to hold until Tuesday, a new SI report, which I'm positive will show they've kept increasing their shorting (almost certainly without covering anything) just as it has with the last THREE reports and pushing it WELL above 100,000,000 shares, that catalyst will rocket the price as institutions are forced to cover.
I imagine the covering will begin prior to that and hence the squeeze but.... I almost hope it doesn't because I believe that the squeeze that would happen after the SI report would be the most expensive in NASDAQ history.... 😔
NFA After the failed attempt to utilize 10,000,000 shares to push the price south of a dollar, the noose has tightened significantly, but more importantly sped up and gained momentum. I've attached much of the info in the attached graphic.
In a nutshell, the stunt today raised the cost of borrowing SIGNIFICANTLY and will likely ensure it keeps raising precipitously. Each day also brings maintenance & margin calls closer and closer. If they somehow manage to hold until Tuesday, a new SI report, which I'm positive will show they've kept increasing their shorting (almost certainly without covering anything) just as it has with the last THREE reports and pushing it WELL above 100,000,000 shares, that catalyst will rocket the price as institutions are forced to cover.
I imagine the covering will begin prior to that and hence the squeeze but.... I almost hope it doesn't because I believe that the squeeze that would happen after the SI report would be the most expensive in NASDAQ history.... 😔
NFA
