RE: Great short on Friday even better now27 Feb 2023 17:50
Only people shorting here right now are retail investors. This isn’t enough to move the market downwards so who ever is shorting then be very careful. This has been beaten and shorted for so long hence the short squeeze. Strong re-rates are coming thick and fast right now. Of course we will see some profit taking which is only natural but this won’t be seen right now because shares are being snapped up quicker than they’re sold. America have only really just joined the party as the first 2 days they were flat.
Tomorrow will be another interesting day after todays close. As I said in a post earlier today 148 looks to be significant but after the last few days it could just breeze through it.
This really isn’t about technicals right now. This is about a solid company who has gone through a massive transformation that could pave the way into the future and it’s trading at a bargain price. And to highlight, debt is not an issue here anymore.