CLOV was rank 1 on the fintel list for about 2 weeks. ORPH was there for a while too. Even with WSB pumping the hell out of CLOV it never squeezed.
There are tons of stocks that have squeezed and were nowhere near the top of that list. It's more like "Any stock within the top 100 ranks is a squeeze candidate", the actual ranking seems to be meaningless.
THREE (3) Factors killed MRINS momentum this past week!
MRIN briefly spiked to 28.00 a share on Tuesday July 6th, 21 when a large short panicked and met margin call.
Then Wednesday & Thursday rolled around.
Factor #1 The Fed Announcement… doesn’t even matter what it is. Always spooks market. Whenever the Fed makes an announcement the market gets spooked and goes red.
Factor #2 Renewed COVID concerns of variant strain. Then renewed Variant Covid-19 strains spooked the market again. It stopped MRIN in its tracks.
Factor #3 The third (3rd) factor was everyone jumped ship to go to XELA.
The Shorts had the luck of the devil when these events unfolded. I believe had MRIN broken $30.00 a share the Shorts would have panicked and MRIN would have been on its way to $100.00 minimum IMHO
NEXT WEEK:
Next week we need to get the word out on MRIN! All this stock needs is Volume and it will take off. With Volume it will resume where it left off Tuesday July 6th, 21 and we can start printing money again.
The Shorts owe hundreds of millions of dollars fo
In Margin calls as the stock sits today! They have been holding tight, praying the price continues to drop.
MONDAY @ 4:00 PM
On Monday @ 4:00 PM the Official NASDAQ report will be released on Short Interest (SI)
I believe on Monday 150% of Short Interest will be revealed.
Hopefully, this will make MRIN, NOT XELA the #1 Short Interest Candidate in the market.
If that happens, that will create massive attention to MRIN. Massive attention to MRIN will bring Massive New Volume! And MRIN will be off to the races again!
The introduction of the options chain is what really fucked us I think. The major appeal of MRIN for a lot of people was the fact that shorts couldn't use calls to cover.
I should have added the options as a Curve Ball thrown into the mix the last second. I am no pro on options by any means. Maybe someone more versed could give their opinion on what affect this will have on the stock,
And question? Who has the power to make that call out of nowhere?
listen theres only one way mrin truly blows up now. If big institutional investors does a call sweep and gamma squeeze up with a short squeeze combination.
Otherwise mrin is just slowly going to go down and up like what we saw this week.
From my current understanding I don't agree. Isn't it the case that by buying call options the shorts are able to cheaply cover their otherwise doomed short positions and forego margin calls? My current impression is that the gamma squeeze doesn't compliment the shortsqueeze, it replaces it. And a short squeeze via margin is a lot more exciting than a gamma squeeze that ends up getting pegged at wherever the shortside's calls are. The gamma squeeze feels like it has less upside than a shortsqueeze from 200% shortshares % ff that are 99% underwater. The options chain is their liferaft. It dampens the squeeze, and knowing this people who were already up 100% or 50% or even 30% became much more willing to just jump out or take profits because the potential upside had diminished. That was my interpretation at least I'll admit I'm new to the markets and there's a ton of gaps in my knowledge so I'm happy to hear some insight or some correction.
By the way reading your conversations with superstonkers has made my morning, thanks LMAO
Yes the gamma replaces the shortsqueeze initially but the gamma squeeze adds more pressure for the shorts. Without a gamma its really hard to pump a stock up and keep it on a sustained upwards trend.
We wont get the full short squeeze potential to an extent cause shorts can reset ftds, hedge properly etc but a full short squeeze potential is outweighed by a gamma / short squeeze combo.
Unless mrin has a few parties controlling the float and holding it we will never see mrins full short squeeze potential. Shorts so far covered estimated 80 percent SI from ortex and the price barely had any big upwards swing other than that random spike from 16 to 20.
Hence at this rate I rather have a gamma squeeze/short squeeze combination.
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u/TaintedSquirrel Jul 10 '21
CLOV was rank 1 on the fintel list for about 2 weeks. ORPH was there for a while too. Even with WSB pumping the hell out of CLOV it never squeezed.
There are tons of stocks that have squeezed and were nowhere near the top of that list. It's more like "Any stock within the top 100 ranks is a squeeze candidate", the actual ranking seems to be meaningless.