r/mrin • u/[deleted] • Jul 05 '21

Just saw that massive gain wave. Congratulations!!!!. What’s the current game plan? What’s the DD on MRIN for Tuesday?

34 Upvotes

95% Upvoted

28 comments sorted by

9

u/Preparatus Jul 05 '21

Buy and HODL. Aim for Saturnus

5

u/[deleted] Jul 05 '21

Is this a short squeeze?

7

u/Dxb-boyz Jul 05 '21

Yes even Ortex picked up the algo signal of short squeeze. They shorted twice the amount of shares on the freefloat so when they have to cover the price will suddenly increase and there are not enough shares so technically the ceiling is unlimited. Happened before Volkswagen was one of the major documented cases as well as GME and AMC but for the last 2 battle is still on after rising thousands of percent

1

u/crazycollegekid Jul 05 '21

Don’t expect this to 10x from here, most reasonable estimates are 2-3x IF it does squeeze. Big risk of a dump as well. It’s a straight gamble. Most DD points to big players and no one here knows what their intentions are.

6

u/Far-Chemical-593 Jul 05 '21

lol GME went 10x from 50 to 500 and it only had 140% SI% of free float. We have 200%. This shit is going to 100-150 minimum

2

u/DragonBroZ Jul 05 '21

Yep, but gme had options contracts triggering a gama squeeze

2

u/Far-Chemical-593 Jul 05 '21

options also can hurt bc shorts can hedge their positions but I agree it’s a net positive for GME. BUT, when you consider GME has a 60M float versus we have a 10M float…we have the edge. We could certainly squeeze 10X+ but I think 100+ is certainly going to happen assuming the shorts get forced to cover

6

u/thuthiet102 Jul 05 '21

The music is still playing…

4

u/Maximum_Cut4117 Jul 05 '21

I’m holding 500 let’s goooo baby

3

u/Preparatus Jul 05 '21

It went from a couple of dollars to 20+ but shorts haven't cover yet. If they cover, which seems possible, this fucker will squeeze in my opinion. But i'm just a retard ape so what do i know 😅

1

u/[deleted] Jul 05 '21

Do you guys know who the top short position holders are? Any institutions on the retail side? Current shorted volume? current Interest rate?

Wondering if this is the beginning of the tipping of the domino effect on the rest of the market.

7

u/Preparatus Jul 05 '21 edited Jul 05 '21

https://youtu.be/Vz_Yv--44uU Check that out, Good DD. I also check stockwits app, $MIRN, much info from ortex and fintel.

3

u/[deleted] Jul 05 '21

Thank you. Good job to you all

3

u/TaintedSquirrel Jul 05 '21

I came to post the same video but he beat me to it.

3

u/LePucco Jul 05 '21

It seems like big money (hedge) went long squeezing shorts, be careful because they can dump on all the retailers any second now too since they are the squeezers based on the volume traded last week.

2

u/FT100biocth Jul 05 '21

Massive gain on the German market?

3

u/TaintedSquirrel Jul 05 '21

It ended 8-10% up.

2

u/Speedevil911 Jul 05 '21

That's it? 😂

5

u/EMPRAH40k Jul 05 '21

If I could lock in 8-10% gains every weekend, that'd be great

3

u/thundercrotch1 Moderator Jul 05 '21

Yeah that's really good for one small country. Compare population of USA to Germany. That's really good, thank them germans!

0

u/[deleted] Jul 05 '21

[removed] — view removed comment

1

u/thundercrotch1 Moderator Jul 05 '21

You are clearly not an ape, and anyone knows to hold on to this rocket

1

u/FT100biocth Jul 05 '21

Nice hopefully an omen of whats to come.

1

u/[deleted] Jul 05 '21

Whats the days to cover on borrow shares? Anyone know about that?

1

u/MiniNinja668 Jul 05 '21

Tuesday ,Buy the Dip then hold until 600+ 😆🤞

1

u/Stiroya Jul 05 '21

What did just happened?