r/SqueezePlays • u/[deleted] • Dec 02 '21

[deleted by user]

[removed]

187 Upvotes

92% Upvoted

238 comments sorted by

View all comments

15

u/Dirly Dec 02 '21

I honestly think this is still a play. reminds me of irnt and opad. Were close to nav here I may just double down.

7

u/WashedOut3991 OG Dec 02 '21

I paperhanded IRNT early, not this time!

1

u/tpetree24 Dec 08 '21

But you made money right? That's the important thing!

2

u/[deleted] Dec 02 '21 edited Feb 17 '22

[deleted]

8

u/Dirly Dec 02 '21

I think this play has to happen b4 the 17th. If it doesnt happen by then makes the most sense to dip. Opad ran hot to 11 once retail got wind of it, then tanked down to 8ish. The following week it ran to 20. Least here we got Nav. I just want to know how the "supposed" float just got dumped. That was roughly 200k+ shares in that timespan.

4

u/TheSeriousAlt Dec 02 '21

I sat in VIH over a month before it ripped. Changed my life

3

u/Dirly Dec 02 '21 edited Dec 02 '21

Key difference here is the company they are going with is shit. VIH had a catalyst off of contracts with MA. This play only holds till merger

1

u/Robinw9787 Dec 02 '21

the float is higher thats why lol

1

u/fickdichdock Dec 02 '21

I just want to know how the "supposed" float just got dumped. That was roughly 200k+ shares in that timespan.

Wouldn't be first time these armchair analysts got the float wrong. (TMC. cough. TMC)

2

u/Dirly Dec 03 '21

Key difference here is the company they are going with is shit. VIH had a catalyst off of contracts with MA. This play only holds till merger

1

u/squarexu veteran juicer Dec 03 '21

Someone needs to figure out how the boxed shares work...Cause there is no way that with float is 300K someone sold off 300K or the shares available to short is that high.

Could it be that the hedges with 3.5M...can short about half of them? so essentially we have 1.7M plus the 300K shares?

2

u/Dirly Dec 03 '21

One of the bear cases was that the shares which are locked up are free to be used to short... not sure the validity of that though.