W, Ponzi Scheme Update
Updated
W has a high short interest, so not surprisingly it's got a short squeeze going on....
Target is slightly above $80, might be worth shorting there. They aren;t gonna ever make money, this rally is hilarious but tat's what happens when you play a crowded game. Not touching it for now.
At $80, daily indicators will probably all be overbought.
Target is slightly above $80, might be worth shorting there. They aren;t gonna ever make money, this rally is hilarious but tat's what happens when you play a crowded game. Not touching it for now.
At $80, daily indicators will probably all be overbought.
Note
Apparently business doubled during this shutdown, guess people have nothing better to do besides shop online and Wayfair prices are cheap (yes, I have ordered stuff from them). The thing is... the more they sell, they more money they lose with their negative margin.Also 37% float is shorted, that is why I'm waiting.
Note
Per my reply to PlutoNix below, 115% of float is owned by institutions, which is why there's a massive short squeeze going on. It's not the only short squeeze stock, I traded calls on BYND and ROKU instead the last couple of weeks.Still a crap money losing company that I wouldn't touch. Options premiums are expensive and the spread is big.
Note
What's actually amazing is taht the shorts didn't cover when it was below $30.... talk about greedy idiots, can't believe there's still 37% of float being shorted.Note
DUmbest thing ever....Anyone who bought May calls when this thing hit bottom is richer than crap, lol.
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