RE:RE:RE:RE:No volume for sureYes, but I was referring to the years of "short squeeze coming!!! " based on short 'volume', vs interest.
It's one thing to bet on a squeeze if total outstanding 'interest' is high, but short 'volume' is meaningless unless you're a daytrader scalping for pennies. The majority of intra-day short volume is covered within the day. If they reported how much volume was short covering, my point would be more apparent.
Last I checked, borrow rates were 14-17% for LFST, so I seriously doubt anyone would short down here and carry the position for any signifiant time.
I'm bearish on the company, but not necessarily on the stock. The risk/reward proposition for going short is just not justified IMO, and that's why I feel there is no potential 'squeeze' any time soon. Yet, it's still one of the main battle cries of the bulls here.
NosajEwad wrote: Short Volume is kind of like watching an MMA fight and wondering how many peple are betting on the unlikely outcome. I'll borrow x amount and when it goes down I'll sell it back and make a few bucks. Its not what I have time for but its as valid a technique as Buy Low/Sell High RSI like I try and do if I can.