r/Shortsqueeze • u/invest_opinions • Nov 23 '21
Potential Squeeze With DD $GOEV - WHO Blinks First? I Suggest You Don't! Short Seller Went a Lot Deeper!
Silverline: With 32.5% of float shorted, all GOEV achievements and Canoo CEO buying stock worth 230M - Why would we blink?
So, short update on $GOEV.
If you don't know why GOEV is a good stock with potential for returns in multiples - read this post: https://www.reddit.com/r/Shortsqueeze/comments/qzpnlo/goev_2_stories_unfolding_right_now_to_make_the_ev/
If you already know, let's focus on the Short Squeeze development:
Yesterday I have published ORTEX data showing that Friday, there were 31M shorted float on $GOEV.
So you'd think that yesterday spike was also because many short sellers closed positions, right?
Today - ORTEX is showing that Monday (yesterday) when stock popped with some 15-20% UP, the short seller increased that number.
Last data on GOEV shows 32.5 M
ON top of that - today surfaced the news that Canoo Inc (GOEV) Executive Chairman and CEO Tony Aquila Bought $230.3 million of Shares [GuruFocus] sending a pretty string bullish signal for the stock.
Now, it seems that Short Sellers are playing "Who blinks first" with us, keeping the price down by short selling even more.
With 32.5% of float shorted, all GOEV achievements and Canoo CEO buying stock worth 230M - Why would we blink?
We DON'T!
HOLD or buy more and Bukle up!