Post by
MarketMoney on Feb 14, 2021 7:32pm
My 2 cents of the week
Remember the 8:1 reverse split in Sep 2020? Usually a reverse split is bad for a company but for SZLS it turn out it was one of the few exception!
Why you may ask? When SZLS reverse split last year, the shareprice should had head back to the same level prior to the reverse split or even lower. Normally I see accumulation of short interest around a stock that has done a reverse split which slowly create a panic and eventually investors selling leading to the drop of the shareprice.
In this case NO accumulation of short interest. Please stop using the BS about the shorts covering before the data is shown. If shorts cover their shorts every 2 weeks, well there's no accumulation lol. You want to see real short interest, look at some big shorts with huge % of short...oh and they don't cover their shorts every 2 weeks lol...you see my point :-)
Now when we look at the chart, what's really awesome, the majority of the volume in the last 3 YEARS was traded under the current shareprice.....which means the resistance above the current price is WEAK!
This gem looks ready to have a massive breakout, the question is when? :-)
Have a great and safe week!