$MRIN.US$ This is not financial advice. Please do your own d...
$MRIN.US$
This is not financial advice. Please do your own due diligence.
It is now passed mid day, and so far we have :
- Share price keeping between ~USD 19 ± 1.5
- Lowest volume of traded share today at <15 million shares (since 23 June 2021)
- Shorted share still accummulated at eye popping ~16 Million
This translate to :
- ~>145% short interest rate with only ~10.97 Million floating share in the market.
- Not much retail shareholder are selling today below the traded price range of USD 17.4 0 - USD 21.40. They are holding for higher price.
From repeated history, that is spelling a perfect storm for short squeeze!
Just remember this, fear of losing by shortist is greater than fear of losing by trader in long position.
Panic will raise for shortist over time if the today's close market price keep at same range.
Keep calm and watch this unfolding!
This is not financial advice. Please do your own due diligence.
It is now passed mid day, and so far we have :
- Share price keeping between ~USD 19 ± 1.5
- Lowest volume of traded share today at <15 million shares (since 23 June 2021)
- Shorted share still accummulated at eye popping ~16 Million
This translate to :
- ~>145% short interest rate with only ~10.97 Million floating share in the market.
- Not much retail shareholder are selling today below the traded price range of USD 17.4 0 - USD 21.40. They are holding for higher price.
From repeated history, that is spelling a perfect storm for short squeeze!
Just remember this, fear of losing by shortist is greater than fear of losing by trader in long position.
Panic will raise for shortist over time if the today's close market price keep at same range.
Keep calm and watch this unfolding!
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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TradingGuru 71599322 : lol this is stock. of course up n down is a norm.
LeMonTea87 71599322 : if everyday up all went in already.