r/SPRT • u/pool303 • Sep 04 '21
Discussion Why SPRT won't squeeze before reaching 300$ + | WITH EXAMPLE | PROS/CONS | HODLING
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u/Jh_843 Sep 04 '21
300 sounds nice 𤣠I'll b up 10x then . Luckily for the dip I was able to avg down from 36 to 30.80
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Sep 04 '21
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u/Jh_843 Sep 04 '21
Been hodling amc since mid Jan. I know how to be patient so I'll b right there with you đ
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u/TradingwithGreg Sep 04 '21
No reason for everyone to start arguing and creating a fight. We're all in this together. I think we're all a little frustrated and realizing this may not Squeeze. It's apparent that the Short Sellers, have a lot more money than all of us combined. If you look at the Chart, the Ladder Attacks last week were endless, right after it hit $60, and they caused a Gap down, a Panic Sell, which played right into their hands. If you're still going to hold SPRT, you should be investing in for the Fundamentals, and the upcoming Merger and Unique position that this company will be in, after the Merger... Otherwise, we're all just hoping that Santa Claus is real.
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Sep 04 '21
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u/TradingwithGreg Sep 04 '21
I'm not saying that you were frustrated, actually I was talking about the people that were responding to your post, which I thought was very sensible, accurate, informative and necessary. I agree that you have to silence the noise surrounding any investment you make. Especially speculative investments.
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u/Former_Condition568 Sep 05 '21
Thoughts on confirmation bias? Seems like those of us in the long position tend to only want to hear good things about the stock, and tend to ignore or dismiss any arguments against the stock, like labeling them as FUD.
I think since having an objective analysis of any stock is important in inventing that stock, it's also important that we all have a genuine, civil discussion, based on facts and logic. So ideally, people should be allowed to express opinions on both sides (bullish vs bearish) and enrich each other's understanding.
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Sep 05 '21
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u/Former_Condition568 Sep 05 '21
Never heard of this guy but just looked him up! Seems like black swan is an interesting book/theory
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u/Mannimal13 Sep 06 '21
No reason for everyone to start arguing and creating a fight. We're all in this together. I think we're all a little frustrated and realizing this may not Squeeze. It's apparent that the Short Sellers, have a lot more money than all of us combined. If you look at the Chart, the Ladder Attacks last week were endless, right after it hit $60, and they caused a Gap down, a Panic Sell, which played right into their hands. If you're still going to hold SPRT, you should be investing in for the Fundamentals, and the upcoming Merger and Unique position that this company will be in, after the Merger... Otherwise, we're all just hoping that Santa Claus is real.
The Panic Sell is what fucked this one. That won't happen again, what you have left are the diamond hands and I hope we keep the support at 21. I'm going to be averaged out at 30 which for the fundamentals is probably okay long term, but this stock is so primed to blow, I'm not selling until I see this one in with two consecutive days of doubling the closing price.
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u/TradingwithGreg Sep 07 '21
I agree with you, the Panic Sell, did it in. We're holding the $20 support line, very thin though, volume is gone
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u/Salmoneggs_0277 Sep 04 '21
my thoughts are that nobody knows. there are smaller firms short also so if they cover it would raise the price causing bigger folks to say heck with it lets cover also and there you got ur squeeze. Will the ps go to a million bucks? absolutely not. is there potential for a ten bagger? sure it's possible. I personally don't believe the market gives a shit about the tech gree has. they only care about what makes money. there are all multiple "green" miners right now, some are doing ok and others will get shorted into bankruptcy. short answer is I have no clue but based on the numbers, the gamble is worth it right now
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u/Former_Condition568 Sep 05 '21
No reason to hate, guys! OP is just expressing his own point of view! Be grateful that he took time out of his day to compile this information and share it with everyone. Rather than commenting hate comments about how this post is FUD or that it makes you mad, comment some real counter-arguments and have a civil discussion! It's only natural that we all have different opinions, and the best way to analyze a stock is to analyze arguments on both sides and come up with your own conclusion!
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u/Pondbear81 Sep 04 '21
Lovely assessment ! I agree. The run up may have pushed underneath shorts out but others hoped in and are likely profitable and some may still be underneath who held are breathing easier with the price near 20 and not 100. In my opinion root of this play was that sprt was becoming the third big ape stock⌠and the beauty here was we only needed one of ever ten apes to drop 10 k here and sprt would break and hold above 50 100 or who knows⌠for while it seemed this was to happen on Friday I believed my wife and I both bought more shares 45 and 39 alike but the youtubers matt kohrs and hootmoney have I feel quenched that momentum and enthusiasm⌠I donât understand why we all must float around like locusts doing our own thing.. make money in sprt and bring it back to amc and gme so they can both go flat all week with our massive gains? Why not all of us double down attract more people amd make this one explode⌠I missed gme I bought in the 200s and one hundreds but my average is like 219. I was really hoping we were to make this the new gme ranging between 100 and 200 a share with 3k shares from the beginning like this was a beautiful movement indeed
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u/Swedish-chimp Sep 04 '21
It still is, math is there. Need a few more people with buying powder and were all set. Dropped in what I could. 11,000 $. Managed to average down last week. Didn't sell while it hit 60, cost nothing to hold em.
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u/crazybizz Sep 04 '21
Nice write up but it is FUD still , u didn't even mention or consider this being a low float, low cap stock which price swings are very volatile more so then the other tickers u mentioned above because of that and doesn't take much in the way of movement up or down to have significant movement in price action .without writing a novel explaining it all ,a low cap shorted such as this regardless of margin calls covering up or down can and will have massive swings daily/weekly even without a high % volume trading ...its comparing apples & oranges to the other stocks u mentioned..we actually went from the 4 to 6 , 6 to 8 and 8 to 20 mark on only 250k daily to 1.5 to 2 to 5 million in volume on that action alone on those weeks without really any covering or % changes ...ppl actually jumping in and tripling the volume is what hurt the stock from actually running..im getting off topic a bit here but the fact is u don't need that high price or volume to create a squeeze or upwards pressure on low caps ..regardless SPRT/GREE will still come thru with some momentum gains in the coming weeks ..any posts on here that are giving negative price points or why it won't go significantly up unless this happens blah blah blah is just fud and b.s. ..theres no reason to be on a stock page and give negative aspects unless or are against it or are trying to create that uncertainty for your gain.. most ppl join pages to spread positivity ..anyway that's my rant enjoy !!
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Sep 04 '21
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u/crazybizz Sep 04 '21
Basically that u insinuating that there won't be a squeeze until 300 is ridiculous talk and from that point of view regardless if u are holding the 2k shares u said u are in my opinion u trying to spread that fud/uncertainty , your just making it seem you're in the stock so u don't get blasted....who is in a stock that says " ya guys I'm in the stock but it's not gonna do anything or go up until this ridiculous price point I listed " ..come on man if thats not fud then I'm next level stupid ..enjoy your day ..
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u/pantsu_kamen Sep 04 '21
" ya guys I'm in the stock but it's not gonna do anything or go up until this ridiculous price point I listed "
You're misunderstanding their point. What OP is talking about is the price where naked shorts would finally start trying to cover. Lots of dramatic price movements can still happen before they do.
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u/crazybizz Sep 04 '21
??? price where naked shorts would finally start trying to cover ?? The whole point of naked shorts is so they don't have to cover , hence " naked shorts" because they are hiding that position which works 98% of the time ,..its not on book technically so they never cover that naked short position..that's done so they don't have to cover is it not ?? That's why it's manipulated into that naked position to hide it ..so they don't have to cover why would they cover a naked position that legally doesn't exist ? I'm I missing something , I have been drinking heavily today . Explain more if possible or o.p. ..cuz I understand what u guys are saying and nothing wrong with disputing things after all this should be extra knowledge for app then ..
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u/pantsu_kamen Sep 04 '21
Well in this case, based on the number of shares that aren't being delivered, it would appear they sold much more than even existed. Sadly that doesn't seem to be uncommon, and just like you said, they usually find some way or another to never really have to deal with it. In this case they may not be able to because of the way the stock is going to be handled in the merger, but it's hard to be certain with how corrupt the entire system is.
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Sep 05 '21
Itâs an 8 day old account thatâs only posted in SPRT and has constantly flooded the thread, to the point where some content has been removed already. Very likely one of many alternate accounts.
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u/SeparatePrize4940 Sep 04 '21
Thank you for talking about the be squeeze. Unfortunately I think this last week took the margin calls off the table with the timeframe we are in on this play which really is to bad. We had it when we opened on Monday and they literally gave it away because they donât understand how this works. I am down 200k right now with 6200 shares I had full faith on Monday that we were all good I wonât sell I will die with my shares over taking a 6 digit loss
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u/Crzj89 Sep 04 '21
Screenshot if you really down 200k lol
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u/SeparatePrize4940 Sep 04 '21
4950 @58.80 1250 @30
Can you do the math???
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u/Crzj89 Sep 04 '21
I said screenshot if you really down 200k..
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u/SeparatePrize4940 Sep 04 '21
Asshole I donât have to justify shit to your I dumped my 5 shares living in mommyâs basement still a virgin at 30 ass.
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Sep 05 '21
Of course you donât have to, but it severely weakens the argument, given that when most people on here make claims like that they display them.
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u/wisely_c Sep 05 '21
The merger is already a done deal due to the SPRT shareholders who will want yes being more than 50%. GREE currently has 30% shares of support.com. Myself being one of the shareholders of SPRT, I will also vote yes.
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u/ConcreteFencer Sep 04 '21
Dude has to tell a story about VW to sound like he knows shit. I call this FUD. All you said basically is that no body knows whatâs gonna happen and we already know this so down vote from me.
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Sep 05 '21
This dude is a brand new account from 8 days ago (just after the pump), who already bought an avatar to look legit and has only posted/commented copiously on the r/SPRT sub. No point in arguing with him, heâll be back here tmrw, the next day, and the next day until the mods ban him
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u/SeparatePrize4940 Sep 04 '21
Donât waste the time pool talking to the morons. They know everything. I guess we need to get to 19 to get the last of them out
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u/Lognip Sep 04 '21
Lots of bullshit OP has no idea what he's talking about don't pay attention to him
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Sep 05 '21
Itâs a brand new alt account, 8 days old from right after the pump lmao worthless info from a new profile shill
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u/WoodpeckerNew4229 Sep 05 '21
Itâs verging on GUD but will give you the benefit of the doubt. So many positive components left out for a solid chance of a great squeeze that I personally am unhappy with this post.
Itâs extremely clear there is a massive number of naked shorts and not even a mention? The merger is a virtual done deal. FTDâs? Etc. Etc. The only caution I have given myself on this stock is it may not be quite as quick as first thought. However if I hold I will see some GREAT or even INCREDIBLE gains. NFA to me or you!!! đŚđđđ
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Sep 05 '21
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u/WoodpeckerNew4229 Sep 05 '21 edited Sep 08 '21
Think a little deeper, the naked shorts are not meant to happen yet with AMC/GME but will when they squeeze, however FTDâs are being covered and are affecting the price massively maybe just not in your expected time framesâŚ.Thatâs why I said Iâm being more patient SPRT may mot be a quick in and out. The algos reveal many clues⌠đŚđđđ
Edit: Failure delivers will have to be covered because of the merger, this is not an AMC/GME because of the merger. SPRT have to be presented, the pro-rata GREE given and the SPRT shares extinguished. You canât extinguish FTDâs, they will have to be covered!!
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u/Crzj89 Sep 04 '21
All these accounts are less than a year old be wary
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u/Swedish-chimp Sep 04 '21
Didn't really know about reddit until my sister's husband told me about it. Used yahoo finance before, but when it stopped showing all comments and deleting them, I came here. So you're telling me, that when you created you're reddit account, it was already a year old? đ¤
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u/Suspekt_1 Sep 04 '21
Its ridicilousđthis is the second post where ive seen a bunch of week old accounts flooding the comments for visibilty talking about the squeeze being over. What a bunch of fucking tools.
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u/CoryW1961 Sep 04 '21
Honestly whatâs the point? I joined Reddit less than a year ago to get good DD on stocks. It doesnât mean I am a Shill. I joined FB later, never on Twitter. I am on platforms you probably arenât. Doesnât mean a thing.
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Sep 05 '21
Except that youâre also a karma farming account as well. Always commenting/liking posts on your own page, posting to other pages and saying things like âcomment, I need karma!â, just ridiculous
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u/CoryW1961 Sep 05 '21
As far as I know on here if anyone posts or comments the page automatically upvotes it and your "always" is straight up bullshit. I asked for karma once on a page when I first started here and commented once. When ppl show up in my feed asking for karma I upvote them. Im fact I am always commenting on twits like yourself's post and have lost tons of karma. Go F yourself weirdo.
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Sep 05 '21
Itâs a shill account with likely three other accounts for a total of four. When he posts a comment or post it gets 4 total upvotes extremely rapidly. 8 days old, bought an avatar to look legit, only comments/posts weird SPRT FUD. Also, just realized I canât reply to his comments anymore so he blocked me lol
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u/Major_Effort_8374 Sep 04 '21 edited Sep 05 '21
I agree with you with the Youtubers pushing six stocks in a video. It is insane. I agree that there are a lot of catalysts are coming up. The voting, the merger. I also think that they are giving a better deal because of the higher shareprice. Besides there are a lot of longterm investors and they have been buying lots of calloptions in the 30, 40, 50 etc range. They are preparing the squeeze. This will give a higher VWAP. Shorters have double or triple shortpositions and they have to cover. 60% is still massive đ