WSB SNC short squeeze
You would have to be nuts to be short SNC....do you see what is happening in short squeezes?!
gamestop run up is bankrupting short sellers...WSB is behind it...Blackberry was up 100% last week!
How would 6m shares get covered in SNCAF...there was 1900 shares traded yesterday!!!!
WSB would have this stock at $50 in 2 days it fits their profile exactly. Small float (50% insider held), low volume, and a value stock worth double, if they decided to squeeze the shorts here and they would be justified because that is what it is worth...it would be ugly.
K I don't like to see people get hurt in the market...but shorts should know if someone here or someone decides to take the SNC investment case to WSB...Citron-the biggest short seller in the world is getting taken to the wood shed...it's not pretty for short sellers out there.
The stock value in SNC is there. Why would there be 9m short on such an illiquid stock that is worth double?
I don't get it.