Posted by rollerblader on 8th of Jun 2021 at 04:01 pm
Why would the stock squeeze/pop so much when the short interest
is only 12% compared to when it was at 50+%? What am I missing
here? I did have a few Jan/22 otm calls and just sold for 100+%
IDK, all I do know is what attracted me to the pattern, was very
oversold and had a bullish falling wedge with MACD divergence
coming off the bottom vs something overbought like a breakout play,
so once price movement created a catalyst was enough energy there
to cause it to pop hard
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Why would the stock squeeze/pop
WISH follow up
Posted by rollerblader on 8th of Jun 2021 at 04:01 pm
Why would the stock squeeze/pop so much when the short interest is only 12% compared to when it was at 50+%? What am I missing here? I did have a few Jan/22 otm calls and just sold for 100+%
IDK, all I do know
Posted by matt on 8th of Jun 2021 at 04:04 pm
IDK, all I do know is what attracted me to the pattern, was very oversold and had a bullish falling wedge with MACD divergence coming off the bottom vs something overbought like a breakout play, so once price movement created a catalyst was enough energy there to cause it to pop hard