Interesting update in that Insider + Institutional holding has hit 115%:
12.63% Insider holding
102.4% Institutional holding
Must be because of the 17.2% of the float that is shorted, which inverts the equation even further.
This will make the short squeeze even more pronounced.
Then whose to buy it? With a little bad news the top will be reached and the stock will drop precipitously fast with no stabilization. The way the markets work in capitalistic societies is that over the long term they are fairly valued, over the short-term they can badly over shoot the mark both on the upside and downside. t
I don't see if the company is overbought already with only 17% short how that will make for a huge short squeeze. Most of that tactic has already been employed. Also priced into the stock is the expected 90% market share that Mr. Beer has seemed to whip up in a frenzy when the stock jumped those 16 points about a month ago. Big pressure on Mr. Beer to deliver after he almost created a rock concert frenzy. t
What basis do you have for the statement that the stock is overbought already? The short squeeze is immediately apparent in that 115% of shares are owned by institutions and insiders, subtract the 17% short position and that leaves only 2% to be bought by buyers or shorts who are covering. That sets up an enormous squeeze situation where 17% of the shares are fighting over the last 2% of shares available in order to cover. So unless the 115% sells some, the short squeeze will erupt into a frenzy.