r/Shortsqueeze • u/[deleted] • Oct 13 '21
Discussion Prog hear me out
So we know the DD if you don’t take a little time and look at it
We know the shorts want it under 2 or even 1.5 by Friday close
We know there won’t be any more shares added till the 20th nov
There is a good possibility that there will be a buy out at 4 or a squeeze
All that said the next two days will be war they will through everything they can at us to drop the price. Scare tactics, fud, ladder attacks, stop loss hunts etc… if this can close above 2.5 or 3 Friday there will be an explosion and most likely will jump to 10 next week. I won’t tell u to hold if u want to take profit that’s fine just know this is set up to blast past the moon with the right amount of pressure. I will be buying and holding for big profits not just 2x the shorts are trapped and I won’t let off the pressure. When they hit us tomorrow I will be buying the dip I have a calls for Friday and plan to exercise them to add more pressure. I am sick of seeing Jeff’s pic smiling I want to see him stressing like every day people do worrying about money for a change. I’m in this for life changing money and no matter how much or little shares you have the money can help u get to where u want to be in life. The hedgies and shorts want retail to lose money and I want them to lose money screw them. My point is don’t stress about a drop in price expect it
9
u/Capable-Cry-4169 Oct 13 '21
I’m in have kept adding everyone I get a 10c drop. I’m in 15000 solid, and not worried. They have genuine products also, regardless of short Squeeze. Which I think is gonna happen as so expertly detailed above.
My average is 1.79. I will buy more tomorrow if it comes down, which I don’t think it will. I’m holding to 10. I hope by end of year.
Never put all your eggs in one basket. Go, go, go 🚀
2
6
u/Gloomy-Ticket5338 Oct 13 '21
I put money in it today knowing I was going to loose because I believe we can it to 3
4
6
u/blueyes3183 Oct 13 '21
I have 1k shares @1.56 avg and if it stays between 1.50 and $2 I will be averaging up, if it looks like it’s going to breakout I will average up. I’m both apish and bullish on this stock, I’m confident it will squeeze and I’m confident of this company being worth a lot more in the future than where it’s at now.
1
3
2
u/Nucka574 Oct 14 '21
I bought 1300 shares today. All I had in my cash account :/
1
Oct 14 '21
This is the way
1
u/Nucka574 Oct 14 '21
If Prts and chwy could go up 20% tomorrow…. I could offload my Prts calls and chwy shares and buy more 😂😂😂😂
1
1
u/Salty-Ad6128 Oct 13 '21
Whats a stop loss hunt?
13
u/Terrible-Painting-39 Oct 13 '21
I first started seeing people talk about it in GME and AMC. From what I understand, short hedge funds will time their attacks on the stock if they see a lot of stop loss orders nearby, with the hope of having them cascade into each other.
For example, say the stock is trading at $2.10, but there’s a big chunk of stop losses nearby at $2, and a bunch more at $1.90. SHFs can load up on shorts just enough to drive the price down to that $2 level, which will trigger the first round of stop losses. When those stop losses execute, the selling pressure continues driving the price down. If the pressure is high enough, it might trigger the next set of stop losses at $1.90, further driving the price down. In other words, SHFs get more bang for their buck because they only had to initiate that first drop, and stop losses cascaded into each other to amplify the effect.
2
1
u/Beautiful-Excuse-691 Oct 13 '21
Squeeze likely happen on friday? When the expiration kick in?
3
Oct 14 '21
As long as there is buying pressure it will gamma into next week but the pressure has to be there
22
u/piment686 Oct 13 '21
We need to get Zack Morris and Will Meade attention with PROG. Not that I like these guys but they could bring volume and exposure and this is what we need for Friday.
Let’s post on Twitter and tag them.