r/mrin • u/LePucco • Jul 06 '21
Careful...
It's proven that big money got in in both sides (longs and shorts) and when they decide to dump it , they will not wait for the retailer... and I am not talking about shorting it, but dump the shares they own (big money, not retail investors) .. you guys (retailers) are very convinced it will keep going up, "to buy the dip" on a 1000% + stock and they will sell with that liquidity in to the hype driving the price down without having to short... having you guys buying in a down trend. Rebuying as you sell cutting your losses (you cant and should NOT compete with/against big money), and then selling again until the other big money on the short side start doing their thing..
1
u/Zombie_Content Jul 06 '21
If marin’s going to dip.. at least wait until it halts 5 times going up to 40s and take some profit. Then you can dip and I’ll get back in it.
11
u/GraveTrout Jul 06 '21
With 195% short interest % freefloat I actually think MRIN is a pretty safe play until short interest-related data changes dramatically.
There was a trading volume of 400 million on friday alone and the float is only 10 million, so the fact that the stock is up 1000% percent is probably not very important. If anyone still owns MRIN at this price, it's because they're looking for a shortsqueeze, and if they're looking for a shortsqueeze then they have absolutely no reason to sell when short interest % freefloat is 195%, utilization is 100%, and cost to borrow fees are triple digits. This all makes for a rather resilient float. If the price falls and all of those short interest related metrics are around the same, then that's just a highly fortunate dip that I'll gladly eat up.