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$Virax Biolabs (VRAX.US)$ I think I would be very cautious i...
$Virax Biolabs (VRAX.US)$ I think I would be very cautious if I was shorting the stock right now. Fintel reports no shares available to borrow right now, which means all sorts are coming from the dark pool. If the stock has survived today’s short attack, and closes in the neighborhood of three dollars, and more news continues to come in throughout the day and tomorrow, then we could see, another surge like we did in premarket this morning. I think the share price would’ve gone up even more, if last week shorts didn’t cash out on Friday
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George Soros II : How can you be so sure?![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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71650181 OP : Because one of the large reasons why the stock went down every day last week was incomplete absence of news. There were too many other things going on in the world, and monkeypox got pushed off of the first 10 pages of the paper. Today, we got three separate pieces of news that it is going to take the market sometime to digest. One was the commitment a large healthcare system made in this company‘s test coupled with the response from the Middle East. Two was the news from Australia and the new outbreak there coinciding with the outbreaks last week in different parts of Africa that had not yet been affected. And three was the United States making a commitment to fight monkeypox overseas. Any, and all of these can lead to a catalyst in testing. Now, if there is no follow on news, then the shorts will have a chance to get out, and today becomes a rinse and repeat the next time there is news. However, if there is follow on news this afternoon, followed on by even more news tomorrow morning,then the interest in the company will stay high, the volume will stay high, and the shorts will not be able to get out quickly enough. This is what happened last month. It all comes down to timing when the shorts can get in and out.
Foureyesmen : Where to tell that there are no more shares to short
71650181 OP : Fintel’s website updates shares to short. subscribers can also see what the short interest is.
71650181 OP : There is, however, a dark pool of shares that does not report in the same manner. That is how we still get shorting even when Fintel says zero shares are available.
Foureyesmen 71650181 OP :