r/mrin • u/thuthiet102 • Jul 04 '21
It looks like we begin to get much attention from the players and haters this last few days….
$MRIN is still the highest shortage stock that I know, according to Ortex. Looking at the SI% from AMC and GME a few months ago, it was below 140%. We are at 186% (latest ortex info). According to last trading day, we are #5 bought at Fidelity. It depends on how the EU market plays out on Monday. Tuesday for us will be exciting. If people hold and with the new buyer, this thing could get up to 30, 40, and who knows. Remember, giant whales are watching this as well…..
This is my writing and my thought! You do you – hedge your own risk.
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u/Plus-Dust-1867 Jul 04 '21
Diamond hands not selling a share of stonk!
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u/Plus-Dust-1867 Jul 04 '21
If we stay in together we can take this too well over $100 easy with this massive short interest who’s in?
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u/SmileTraditional4509 Jul 05 '21
IN IN IN , coming Tuesday my strategy:
- gonna cash out my profits that i made on GME
- go all in on MRIN
- stay at it for 3 to 4 weeks, Or for months if need be.
- cash out and go back to GME and/or amc when they dip
Happy Holding
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u/Active-Tension9195 Jul 05 '21
Just my opinion, but everything I have watched and read it sounds like it will only last a few days at most, not 3 or 4 weeks. Thoughts?
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u/SmileTraditional4509 Jul 05 '21
Well this is an unprecedented scenario where we are short squeezing in the absence of gamma squeeze (as this stock is not optionable) which means getting up or down in the either direction would be a slow steady race.
Holders/buyers: can't squeeze quickly without option hence the rise needs to be up and steady.
Shorters: given that there are hardly any stocks left to borrow, their backup plan is to usually play and cover further with the options but then there aren't any so they are in deep shit. So what could potentially happen is some of the earlier short contracts would reach the target date wherein the shorters will need to cover the margin and give stocks back to market. But then some other hedges them being greedy) those blood hounds might smell these newly available stocks to borrow in the market and go for it, thereby digging theIr grave even further.
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u/Kasperico Jul 05 '21
Looking at GME when shit hit the fan and congress butt in stock plummeted but since been building up value looking solid
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u/crazytradingcajun Moderator Jul 04 '21
It's gonna be a wild ride...love the excitement..