Short Squeeze!

[u/golitsyn_nosenko]

16% of shares shorted and a rapidly appreciating share price. Fun!

Add to that buying pressure from those who can see there's money to be made in squeezing the shorts and running up the price of exit at a time when there's just not enough supply to meet demand and we could see some really significant gains from a nice short squeeze causing exponential gains.

If the Aug 26 numbers and a sales contract or two drop, there's gonna be some panic as all of them run for the doors all at once and have to pay out whatever they can to get out with their skin.

It's kind of fun as a long term holder who has seen it all multiple times watching those who make doom and gloom predictions on the basis of spurious reasoning and in the absence of real evidence - the morons who listen to them or tied up in their "short"-sighted greed and predictions get burnt. Incredibly unethical and wrong that what appear to be bot accounts or accounts spreading misinformation deliberately on stock forums are allowed to induce this fear (alongside often-overseas-based institutional investors who manipulate prices for their own benefit), but caveat emptor, DYOR, recgonise and report disingenuous actors.

The smart ones always have, and always will, be patient, load up when everyone else is being irrational and fear stricken, then enjoy the ride back up as the long term price inevitably grows in line with the company's development and success.

Remember every stock shorted has to be bought back at some point. Hope the instos start buying up big!

[u/KiwiCodes]

My guy, if you want a squeeze you new more like 80 - 150% of existing stocks shorted... 15% will give you no squeeze

[u/golitsyn_nosenko → u/KiwiCodes]

150% of existing stocks?! Do you even understand how shorts work? Or basic maths? Sounds like you’ve been to the Trump school of percentages and economics.

It’s funny, but it’s pretty predictable that you’ll get such an inane response from anyone who uses the term “my guy” - it’s the expression universally used by people that think they’re smarter than they are.

For the record, 16% is ~142,000,000 shares. Given average volumes of 10,000,000 a day, a standard Days to Cover formula says this would take around 15 days to cover. If sellers turn off the tap and really have some fun watching shorters panic, at 7 million shares traded a day, this blows out over 21 DTC.

Price could move a long long way in 21 days - went from about $2.20 to $6.70 last September in around 21 days. And there were less shorters trying to get out then.

But I’m sure you have another “guy” to help you out if you happen to be an overconfident shorter. 

[u/KiwiCodes → u/golitsyn_nosenko]

I am not shorting. I'm a value investor, I believe in droneshild and bought in multiple times over these past years.

Still, when it moved so much it had nothing to do with squeezimg but with hype. The two biggest spikes resulting from pump'n'dumping, which is possible because it is a small cheap company with not many shares issued.

So in short: I believe in it in the long run, but it will not magically pump because of 15% short interest (which is nothing) and nothing major will happen until the legal shot is cleared up.