Hi Joe.... I stand corrected on the Panel Meeting.
Thanks for the link.
Short interest increase does mean something to me however.
Short squeeze, infrequent gaps up in price, then to come down, is how I've seen this play out, which is good for the savvy daytrader. However, from my experience locks in the previous month trading range, that is when short interest has increased.
For me as a long, I see this as an opportunity to place a limit order to acquire more shares on the cheep, 8 1/2. I don't see justification for the price range to change from the 8 1/2 to $10 range. Not until I see the short interest reduce, as you know this month it increased, or until the panel meeting. ASCRS will be another excuse to short as there will probably be a temporary increase in the price. However, April to July or Sept is a long time for the stock price to move up a level and hold...IMHO.
Of course, with a good objective perspective, I can be persuaded. On this basis, I'd appreciate your time to re-address your view, relative to the short interest increase. Do you still believe the price will return to double digits and hold as per your post of #2221 of Mar-22?
Thanks for your replies.
Regards,
Duke |
