RE:RE:Tipping PointSame thing happened with Volkswagen a few years back. I believe it is cited as the perfect short squeeze.
I have an arbitrary sell order in at 44.44. I don't expect APHA to get there anytime soon, and am unsure of whether having a standing sell order locks my shares out of the short game (but am doing so anyway as there is nothing lost here).
It is nice to fantasize about some sort of Tilray or Volkswagen short squeeze like occurrence for APHA. It would feel like winning the lottery!
Realistically, I believe it will be a steady climb as management regains investor confidence.
That's enough for one day...good weekend to all.
momo2point0 wrote: You are right it is usually a shift in sentiment. Although not always. Tilray is a good example of a short squeeze that wasn't a shift in sentiment. In that case there were too few tradeable shares to begin with. There was such a low float of tradeable shares and shorts were piling on a little early. As it kept moving up shorts without enough margin were receiving margin calls and were forced to close their short position. With so few shares on the ask the margin calls were ramping up along with the fomo and boom to $300. That was one of the biggest squeezes I have seen in a while. BYND meat is the most recent short squeeze I have seen. Similar situation on Beyond as well.
Tesla was also a big squeeze. In that case it was very heavily shorted at $30 although it had been moving sideways for quite some time as the shorts were doing their thing, meanwhile the bulls kept adding shares at $30 and then they came out with their first car order numbers. Heavy volumes of buying came in off those first order numbers, Fomo came into play as it started to move up in conjunction with a heavy amount of margin calls and it went parabolic as they chased to cover and new longs along with traders jumping on for the ride. Boom to the moon she went.
eom
momo
quote=skyplt]I am not very knowledgeable of the short mindset.
Would a short squeeze be triggered more by price, or by sentiment? I suspect a bit of both.
My understanding is a 'squeeze' would be precipitated by an uptick in stock price, followed by early shorts looking to cover (which means they have to buy at market)...but if there are more buyers than sellers this in turn will bring the price up.
I truly wonder what the trigger is. It just strikes me as though there are too many potential positve catalysts for APHA to not cover.
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