Post by
WealthBuilder99 on Sep 22, 2020 10:36am
Potential for Short Squeeze
Latest short numbers came out yesterday. Current short position stands at 9m shares (as of Sept 21), a decrease of 2m from Sept 4. A strong quarter or change in sentiment could cause shorts to scramble to cover their positions causing significant upward pressure in the stock.
With Q4 being the first quarter reflecting the full amount of cost savings inplemented following Q2, increased ramp up including new products & distribution with help of Humble & Fume, and analyst expectations set low, I think there is a reasonable likelihood for a positive earnings surprise.
The conference call may attract analysts to start following Supreme more closely and attract more attention. Let's see what Thursday/Friday brings.
Comment by
vulcan123456789 on Sep 22, 2020 11:06am
well said you remember shorts here denying that this stock could be shorted
Comment by
George141 on Sep 22, 2020 11:09am
...good point Wealth99...so I put my shares up for sale at $1.41. The bid was accepted...can you imagine if shorts have to cover...let them know it was Monkeys' idea..see how they like them apples. Yes Monkey I am an old simple man..going on 110 years old..but still ride my Harley, drag race my 67 Nova and have a few lady friends...not bad for a simple man...maintain
Comment by
puppymonkeybaby on Sep 22, 2020 11:24am
I remember when I used to do those types of silly things in order to impress people too. What a waste of time that was. I never got into Harleys though. Thats the small p3nis club. Its a good look for you, though.
Comment by
theTransporter on Sep 22, 2020 11:51am
Is that the conclusion you drew with all your years of sampling?
Comment by
puppymonkeybaby on Sep 22, 2020 12:59pm
Tranny might have a harley.
Comment by
George141 on Sep 22, 2020 1:00pm
ole monkey he knows peanus sizes...the village people taught them that..when he peddles his a$$ around town on his Electraglide bicycle...ain't that right monkey?
Comment by
vulcan123456789 on Sep 22, 2020 1:47pm
I ride a vulcan cruiser myself.. hence the name
Comment by
watchmeplz on Sep 22, 2020 11:39am
In my opinion nothing is getting squeezed with 470m shares and good luck with those financials. On a positive note, bc crafts can now ship straight to retail! All 18 across Canada of them, lol!!!