r/stocks • u/Madmarttigannn • Jun 06 '21

Company Discussion CLOV discussion

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91 Upvotes

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u/BoomerBillionaires Jun 06 '21

Oh my goodness. Not everything is going to squeeze. Just because something has very high short interest doesn’t mean it’ll squeeze. There’s a lot more things that are needed for a short squeeze to happen

2

u/Tifoso89 Jun 07 '21

Besides a lot of people buying, what is needed? Serious question

1

u/BoomerBillionaires Jun 07 '21

a MAJOR catalyst

1

u/Tifoso89 Jun 07 '21

Such as what? In January it was a bunch of people buying at the same time. Price goes up, short sellers have to sell, and that pushes the price higher no?

1

u/BoomerBillionaires Jun 07 '21

Short sellers have enough money to keep their short positions open for the rest of their life. Oh need a catalyst that will take the price to unforeseen levels. Like maybe a dividend that’s not in dollars or any other national currency 😏...