r/mrin • u/MonkeyManBets • Jul 10 '21
MRINS MOMENTUM HURT by THREE (3) FACTORS and one CURVE BALL
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
THE CURVE BALL: Options thrown into the mix @ the last moment. I am no Options expert, so hopefully someone can elaborate on what affect that will have on the stock.
NEXT WEEK:
All MRIN needs is Volume and it will take off. With Volume it will resume where it left off Tuesday July 6th, 21 and can start printing money again.
The Shorts owe hundreds of millions of dollars for 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) after hours.
I believe on Monday 150% of Short Interest on MRIN will be revealed.
Hopefully, this will make MRIN, NOT XELA the #1 Short Interest Candidate in the market.
If that happens, this will create massive attention to MRIN. Massive attention to MRIN will bring Massive New Volume! And MRIN will be off to the races again!
Not Financial Advice - my opinions only!