NEWS
XTI Aerospace (NASDAQ: XTIA) provided its Q3 2024 business update, highlighting progress on the TriFan 600 vertical lift crossover airplane development. The company is completing its conceptual design review phase and expects to begin preliminary design review in early 2025. XTI launched Version 1.9 of its Flight Transition Simulator with One-Engine-Inop capabilities.
The company formed a Corporate Advisory Board with Michael Tapp as Chairman and appointed Tobin Arthur as Chief Strategy Officer. The FAA published a Special Federal Aviation Regulation establishing a framework for powered-lift operations, which XTI views as significant for ur
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Benjamin’s : You think this will be good tomorrow?
Jaguar8 OP Benjamin’s : I don’t know if they filed appeal today
Mini0n Jaguar8 OP : probably wait until the last hr of the night when everyone is doing crap, sobs haha
Jaguar8 OP Mini0n : Shorts will cover and close position right now because it is uncertain if it will delist tomorrow. They don’t want to get trapped and lose monsy
Benjamin’s : Shouldn’t that make it rise? Covering there position
Jaguar8 OP Benjamin’s : No. It only rises when they get squeezed. Covering means they will buy at a lower price. With not much buy pressure, they won’t be forced to cover at current market price
Benjamin’s Jaguar8 OP : Thanks
for your knowledgeable comment.
Jaguar8 OP Benjamin’s : Anytime. Always remember when there is not much volume, shorts cannot be squeezed even with high SI. It needs buy pressure for them to buy at current high price which will then be called a squeeze . They love shorting with low volume that explains why we need to check volume before we jump in