Post by
ITSUP2ME on Aug 09, 2021 11:21am
Lemmings beware....
A fundamental problem with short selling is the potential for unlimited losses. When you buy a stock (go long), you can never lose more than your invested capital. ... But if the stock goes up to $100, you'll have to pay $100 to close out the position. There's no limit on how much money you could lose on a short sale.
GLTA...
Comment by
Thinkbigsti69 on Aug 09, 2021 11:26am
+ the very low public float will cause shorters to be extremely short squeezed when great news comes out.
Comment by
Thinkbigsti69 on Aug 09, 2021 12:06pm
SHORT SQUEEZE FAST APPROACHING. BURN!
Comment by
Thinkbigsti69 on Aug 11, 2021 7:17am
The short squeeze will be a thing of beauty.
Comment by
AverageJoe on Aug 11, 2021 8:14am
We won't see a squeeze as there is only about a half of a percent shorted against the float. You'll be paying over 10% to short this stock so for the few bashers out there, you better cover. We've tested 5 dollars 3 or 4 times now next break and we should see a significant upswing, if there is news with volume, we will run!
Comment by
Chrisgodfrey202 on Aug 11, 2021 10:36pm
Agreed. The stock has been overworked and there arent many uninformed longs for them to pick up. Their pump and bash routine is running dry.