TSXV:LBL.H - Post by User
Post by
DigitalSpurson Apr 06, 2020 9:32am
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Post# 30882311
Good signs
Good signsStock is holding nicely at about $0.13 until news
Shorts have increased 10 fold according to CEO website (why is this good? read below):
There will definitely be some manipulation and from the many boards I read, there is a LOT in the pipeline now and multiple news releases to come out
Stocks that show extreme short interest readings are more prone to short squeezes. Stocks with smaller floats and high short interest have the highest probability of short squeezing as shortable shares reduce in number. An extreme reading may be different from one stock to another. A solid company with a long history of stable profit generation may have extremes near 10%, while more speculative companies may see short interest rise above 30% regularly. When a stock does reach an extreme, it could signal the possibility of a short squeeze. A short squeeze is an upward price move caused by investor buying coupled with short sellers being forced to buy to cover their positions so they don't take too large of a loss.
From: https://www.investopedia.com/terms/s/shortinterest.asp
News in the sector is very hot right now
The company has business licences in the states and are FDA approved to perform there
Shorts may be burned soon!!