Shorts are running out of time to close their positions.
They got caught lying about how many shares are actually shorted (might be as high as 200% of the shares in circulation), and the FINRA report came out today with the deetz.
I think there are a bunch of options out there in the $300 range that expire Friday, but if they don't exercise those, the sky's the limit.
Kinda. It's a domino effect. Good news means it goes up. News like this means it goes up 10-20%, usually. If it's being shorted some time outside earnings, then it goes up a lot more to cover the shorts. This could be another short squeeze that may not go up to $300 if the institutions back off. If it goes up again, there were probably insiders who timed buying calls with the resignation. The bad guys would make a lot of money.
Would that news make the stock spike up 200%, insane if that's the reason.
Shorts are running out of time to close their positions.
They got caught lying about how many shares are actually shorted (might be as high as 200% of the shares in circulation), and the FINRA report came out today with the deetz.
I think there are a bunch of options out there in the $300 range that expire Friday, but if they don't exercise those, the sky's the limit.
I think the shorts are having to pay up. I really don't know much about wall st. But something had to give for it to jump $140 like that.
Kinda. It's a domino effect. Good news means it goes up. News like this means it goes up 10-20%, usually. If it's being shorted some time outside earnings, then it goes up a lot more to cover the shorts. This could be another short squeeze that may not go up to $300 if the institutions back off. If it goes up again, there were probably insiders who timed buying calls with the resignation. The bad guys would make a lot of money.