RE: Shorts gone away to have a collective vomit29 Jun 2026 13:20
Good post SG
The difference here though is the scale of the short - and the window it’s been built in.
I firmly believe the real short is around 30 percent
The equity has been hugely depressed and is like a spring - like GameStop.
What this maybe does not have which GameStop did - is additional leveraged financial implements in play which took the short to almost 100 percent of the equity value.
That said
This is an extreme short
And we have a huge macro change
Rates now dropping hard
Oil dropping hard
And now a huge - unprecedented building programme announced and Burnham is on a timer so he we will make sure this happens fast
The investment case here is literally changing overnight
So we will now hopefully have a combination of shorts trying to exit
Existing holders who understand the macro change topping up
And new buyers entering
This will get very spicy IMO