Good day, I just wanted to throw some ideas around to get a discussion going.
Is it possible/likely that a lot of short positions were closed on the initial 20-30% rally? Obviously there were a ton of new buys, but likely anyone short this stock after the attention it got the end of last week may have exited in fear of a larger short squeeze…
If the above is accurate, shorts exiting attributed to the mini squeeze, I’d imagine a large portion of new short positions were being opened around the $9.5 to $10 peak, creating this battle zone price range?
I’m holding CLOV, I hope it moons, but I like looking at worse case scenarios to gauge my expectations. I’m also not a very experienced investor, partly why I’m starting this discussion.
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April 21, 2021 at 01:33AM