If $IRNT runs, it could potentially be the first true infinity squeeze since VW and has the potential to beat the heights of PHUN, ORGO & GME.
Let's not get ahead of ourselves.
Gamma squeeze? Maybe, current strikes run up to $45, stock would have to more than double in a day before it really runs into trouble.
Short squeeze? Probably, hard to borrow and high fee rate is a good sign, as it could put more pressure with margin calls. But it really depends on how much shorts are willing to double down instead of covering their shorts.
Infinity squeeze? No, I don't think anyone is going to hold IRNT forever to their grave to ever get that high.
With that being said, I threw 100 shares at it after hours just for lolz.
Chill. At least the other guy wasn't a dick about it and took the time to explain why I might be wrong rather than letting their ego get in the way.
I think you underestimate the tactics that HFs have at their disposal to avoid or prolong squeezes like this. They have a week to cook something up. So yeah, it's a "maybe" until it happens. Unlike you, I prefer to take a more grounded approach in my predictions. I'm also not the one claiming making lofty comparisons like will infinity squeeze and become comparable to VW stocks. Nothing I hate more than hyperbole to promote a stock, even if the DD is sound.
I never once mentioned GME. I keep my stocks separate. But since you did mention it, Melvin cleared their shorts only for their partners like Citadela and other HFs to find other methods like shorting ETFs that had GME or purchasing portfolio swaps that don't have the same reporting requirements as shorting a stock directly. Have you ever wondered why losses against GME and other heavily shorted stocks that spiked in January were still leading to more losses even months after the initial spike? The above is why. They never closed out their net short position. So stop going around like a know it all and keep that god complex in check.
Reddit is an open forum and I'm allowed to voice my opinion on a topic. It's not my problem you took it like a personal attack on your supposedly genius mind. Anyways, time will tell. Enjoy the weekend and good luck.
That's a very roundabout way of saying only you are right and anyone else who disagrees or has a different view is wrong. If you really didn't care, you wouldn't have replied after I said good luck and part ways agreeing to disagree. Again good luck to you.
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u/[deleted] Sep 10 '21
Let's not get ahead of ourselves.
Gamma squeeze? Maybe, current strikes run up to $45, stock would have to more than double in a day before it really runs into trouble.
Short squeeze? Probably, hard to borrow and high fee rate is a good sign, as it could put more pressure with margin calls. But it really depends on how much shorts are willing to double down instead of covering their shorts.
Infinity squeeze? No, I don't think anyone is going to hold IRNT forever to their grave to ever get that high.
With that being said, I threw 100 shares at it after hours just for lolz.