$GigaCloud Technology (GCT.US)$ Monday will explode in pre m...
$GigaCloud Technology(GCT.US$ Monday will explode in pre market and tank all day if this plays out like the last couple of IPO's. they will start shorting it at market open. take some profits and keep your eyes glued to this one
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71872143 : No options. No shares to loan on ipo.
pennypincherOP 71872143: we can not short it but trust me MM are going to be all over it. MEGL is a perfect example of it.
71872143 pennypincherOP: They can try but IF people simple hold on a 2.4 million float.. it will rise!
pennypincherOP 71872143: float is 117 million shares
71872143 pennypincherOP: Nope.
71872143 : Free float is 2.4
pennypincherOP 71872143: float 117 million, shares floating 2+ million. institutions can't sell but they bank off of lending shares out to MM's to short.
71872143 : But cant lend for 30 days or longer per ipo
pennypincherOP 71872143: thought I read can't sell. could be wrong though I read about a lot in a day. I did go back and try to find the terms the day it IPO but was unable to find them. if that's the case run with it. I seen this as a company trading between 50-100 at least until they add more shares. sure is exciting watching these low float IPO's
fearless Anteater_31 : They can't short new ipos and the ceo's can't sell shares. What's happening is shares being day traded but this float was bought 10x or more, so she's gonna run.
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