The coming short squeeze could be spectacular... google "porsche volkswagen squeeze chart"
Yes, you may just be about to witness such a unique event. This short % on a low market cap, innovative tech company that is delivering on its promise and is about to have an earnings call is.... insanity
It is true that short squeezes rarely occur. However, when they do occur it is because of a rare set of circumstances. First, there is a hardcore contingent of shorts that believe failure is imminent. When failure does not occur, they double down on their short positions. They are utterly convinced failure will manifest itself in the next set of goals the company will not be able to meet. When the company meets their stated goals and objectives, shorts, who are increasingly underwater, attribute it to a unique set of circumstances, a fluke or just plain luck. The shorts triple down.
This process continues until we arrive at the present state of affairs. Shorts have touting the imminent demise of this company ever since the pps was only $5 per share. They are in denial even while the pps is now a growing $36.20 per share, and climbing in after hours.
Now, tomorrow will be another day when the company exceeds its stated goals and objectives. The shorts will take another beating. The question is: Will the conference call be so good that shorts, who now have shorted 50 percent of the float, can no longer live in denial. Will they come to their senses and realizes we are on our way to $50, $60, $70...$100 per share.
If that sudden sick realization his shorts and settles in deep in their psyche then we could see abject panic on the part of shorts and the ensuing short squeeze could be legendary.
Hey shorts, hang in there. Although you may go broke you may be part of a short squeeze that makes history! Hey, there is always a silver lining if you look hard enough. Cheers and GLTA longs.