RE:RE:RE:Short trades last 2 weeks of AprilHey Club.
My commendations to you, for figuring this trading patern out, and trading this stock daily, in and out. I would think you're mostly ahead doing this daily. Because even though now, we don't have any Institutional money pouring in yet. The Naked Shorters have their way with the stock still. This reminds me of the time that the stocked was naked shorted, from $$4.75 all the way down to $.25 cents pre-split.
The only difference now though is, is that the shorts are being more careful, that they are not found out, or appear to obvious. So they rely on the MM's to lead the Shorting show, and the black markets, with their blackboxes/algo's, short the Shite out of the stock at this $2.50 pre-split range. Then the MM's take it up accordingly, to where the yearly Financial results dictate the stock SP should be. This is co-ordinated Shorting IMHO, and they short at higher levels for now, to stay under the radar.
This year 2023, is probably the transition year for the Shorting as well. As I see the company doing very well on their financials, and their LTD Rating, is getting to very manageable levels. But 2024 we'll start to see the fruits of the company's labour, as they'll get all their metrics in order. We may even see a few Tutes come in in 2024. Because at $60.00, this thing is still cheap. Everyone including Seaking Alpha has this stock poised at $110.00 range by 2025. So IMHO an easy double bagger from here for the longs in 2024, instead of 2025, because the Bomber is well ahead of its 2025 Guidence. So the stock SP will have to follow that patern, and hit the $!10.00 range in 2024 well ahead of the 2025 Guidence. Maybe the Tutes won't come in full force in 2024, but that remains to be seen. Also, if the company makes another $300M to $400M LTD redemption in 2023, that, that will start the Tutes thinking of getting in, sooner rather than later.
Cheers