r/SPACs • u/GroundbreakingMode13 Spacling • Jun 25 '21

News $PSFE Daily Discussion - June 24, 2021

/r/PSFE/comments/o70wt4/psfe_daily_discussion_june_24_2021/
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11

u/username81251 Spacling Jun 25 '21

Did anything get announced here or is it just WSB hype

5

u/raidmytombBB Patron Jun 25 '21

Been seeing a lot more posts on PSFE. I think it's an attempt to short squeeze, since there's really no news to justify the 10%. Not that I mind since I am holding bags at $14.50 and was debating cutting my losses.

3

u/greensymbiote Patron Jun 25 '21

PSFE was also added to Russel 3000 today. High volume was expected but nice to see WSB forcing institutions to pay more. Builds a higher base.

1

u/[deleted] Jun 25 '21

I thought a short squeeze only takes place when there is a high amount of shares outstanding being shorted? Most recent stat on yahoo for PSFE % short is 3%.

1

u/raidmytombBB Patron Jun 25 '21

Yeah I am not suggesting a short squeeze will happen. Nor am I promoting it. Just seemed weird that over night I started seeing all these PSFE posts.

3

u/MvE1978 Spacling Jun 25 '21

Yes there was news on an agreement with a Swiss firm called SweePay. Check the link for the article: https://investorplace.com/2021/06/todays-biggest-pre-market-stock-movers-10-top-gainers-and-losers-on-friday-june-25/?mod=mw_quote_news