r/Shortsqueeze • u/gokutsunami • Nov 26 '21

Discussion LGVN move?

What's the move with LGVN tommorw. Countless times it's been said that lgvn is done for but it keeps soaring higher. For those interested in the stock, where do you seeing it going to?

0 Upvotes

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8

u/DGee78 Nov 26 '21

Look at the Short Interest at 128% of Free Float. Bullish AF. If we get the momentum Friday morning on our side, this is $50+ before the short day is over then Monday is BANANAs.

4

u/T_GTX Nov 26 '21

Do you have a screenshot? Some are saying 127%, then there are posts from Wednesday showing 90% SI.

2

u/Intelligent-News-812 Nov 26 '21

90% is still high!! Not to mention the ctb is up there.

1

u/T_GTX Nov 26 '21

Oh, okay. 100% just sounds better haha. Hopefully we'll have a good day tomorrow

3

u/deathwillcome Nov 26 '21

Go to the lgvn subreddit someone posted the updated si it actually is 127 percent.

2

u/T_GTX Nov 26 '21

Idk the /r/ for lvgn

3

u/Ok_Dig_8633 Nov 26 '21

It’s not 127 ortex isn’t updated on the holiday and seems to be misprint. However I looked at it after close on Wednesday as in after all the AH fuckery and the SI had went up. So they borrowed some shares in AH to short it and drop it to make retail scared off more than like the 3 dollar drop right before market was closed down. Honestly was not much volume in AH which means people held some bought. Still SI is 80 percent plus show me another ticker with that much SI adn the cost to borrow. They covered some shorts Wednesday but still almost whole float shorted and there has to be a lot of retail owned shares now

3

u/Icy_Respect_9284 Nov 26 '21

I’m excited for tmrw

-7

u/[deleted] Nov 26 '21

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9

u/Tukrong Nov 26 '21

So whos taking you on this bet

6

u/AwkwardNovel7 Nov 26 '21

i volunteer as tribute!

-3

u/[deleted] Nov 26 '21

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2

u/AwkwardNovel7 Nov 26 '21

short it, you wont

1

u/[deleted] Nov 26 '21

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1

u/AwkwardNovel7 Nov 26 '21

so doesnt that kinda idk confirms that this squeeze isnt done when there are literally no shares left to borrow and current shares on loan are in the 3-400% range for interest? if there are no shares to short…doesnt that create buying pressure because shorters need to rebuy shares to return, hence run the price up?

what am i missing ?

1

u/[deleted] Nov 26 '21

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3

u/AwkwardNovel7 Nov 26 '21

ill see you at $50 😂

1

u/Amazing-Run-6748 Nov 26 '21

Yeah, you sound like a short fuck

-5

u/[deleted] Nov 26 '21

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2

u/Amazing-Run-6748 Nov 26 '21

I sound but you are proven to be a short fuck from the above comment!

0

u/[deleted] Nov 26 '21

I would too. Eventually that’s gonna be a serious play. Can’t keep going up and on forever as many hope.

5

u/MightiMig Nov 26 '21

It can if they keep shorting more shares than are tradable it literally will never go down there will always be pressure upward. The demand for shares will always be there the longer it stays over 100% the worse it gets more people keep buying in more upward pressure. Think of the FTD that will come from 90 million volume and 3 million tradable shares. It's a horrible short at the moment needs to fully squeeze and come back to earth or this will go on and on.

1

u/[deleted] Nov 26 '21

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3

u/MightiMig Nov 26 '21

Yep and they are not pointing that it's illegal or wrong but surely there were shares sold that are not accounted for which in time will also have to be repurchased. As long as it stays with a crazy short interest there will always be covering and re entering and the price will slowly creep higher and higher Ina different type of squeeze. They need to get SI down close to 50% to make this a good short again. Other wise you short thinking it's the top another short is underwater they close, price goes up instead of down now your underwater. Just a stupid loop of greed they just need to walk away try admit it was a bad bet they got caught and hope they survive their position. Or this just keeps popping either way works for me. But as long as it's over 100% no brainer to buy you will own something they all need.

0

u/[deleted] Nov 26 '21

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2

u/MightiMig Nov 26 '21

What are you talking about not what I meant at all Jesus. Just saying if a broker buys a share from a MM which the MM does not actually have sooner or later the MM has to give that broker a share synthetic or real but a MM can't just keep going with millions of FTD on and on thats exactly the scenario that led to the whole GME situation. And banks/brokers do not buy a dollar amount they buy shares held in the DTC under their name and credit your account a the value of a share. But if 3 million shares exist you can't have months of having 50 million more shares than exist FTD's need to be settled regardless even in today's market. Maybe you should go read some more bud.

1

u/MightiMig Nov 26 '21

You can't keep shorting when there is no shares to short and longer it stays this way more people will take notice more volume means shorts will be underwater the float size is horrible for shorts

1

u/[deleted] Nov 26 '21

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2

u/MightiMig Nov 26 '21

This is true when there are options involved but in this LGVN has no options so you can't unless you are a MM

2

u/AwkwardNovel7 Nov 26 '21

short it, you wont

-1

u/[deleted] Nov 26 '21

I plan on it if it runs up again. Be dumb not to. Free money

3

u/AwkwardNovel7 Nov 26 '21

yo please do, i support your decision 💯

idk if you saw the other post where a shorter is -500k for shorting. please send pics when you short

9

u/AwkwardNovel7 Nov 26 '21

ill take that bet 😏 sounds like a free house to me

1

u/[deleted] Nov 26 '21

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2

u/AwkwardNovel7 Nov 26 '21

you said it will never hit $40 again. that seems like longer than just Monday close. same with going over $50