Post by
TenneseeOil on Jun 29, 2021 3:19pm
Shorts 4-5 Failed Tranches 2 False Starts
This is so Fascinating it looks like the shorts have 4-5 Tranches of attempting to put significant pressure on this company. They have a lot of shares in between 2-4 and it's a race between them being able to scalp the foam off the tops and then pray that short and distort works for them.
However, those failed the price moved up with a minimal amount of effort from the longs. I think this thing they have about 65% of their short position is sub 4. Between 6-8 is a complete killing Zone and whomever is coordinating this thing is absolutely cash strapped. We are seeing fewer long dollars required to lift the share price after the MM's are giving them a head start each morning.
This strategy appears to be range bound and they can slowly cover or at least make up the extreme losses on the 3 largest shorts from March, April. However, that strategy will actually gain momentum if it's successful. However, they are risking a TKO and Billions in losses if the right news comes in and they cannot close this position out in anything resembling a timely manner. Stay tuned!
Comment by
montreal10 on Jun 29, 2021 4:01pm
Great insight and recaf have the goods to deliver on their choosing...they know they can crash the shorts with one simple newsrelease
Comment by
FastIroc on Jun 29, 2021 5:18pm
It's only a matter of time before it happens....and in august the same circus will start over again.......or may be they learned the lesson ?