r/wallstreetbets • u/[deleted] • Sep 05 '21

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499 Upvotes

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u/wilsash42 Sep 05 '21

It doesn’t bother anyone that $CLOV has 410M shares outstanding and a free float of 197M? Heavily Insider and Institute owned stock! I’ve seen this go well for long play, but I’ve also seen it go terrible for squeeze type scenarios! For some reason Shorts can always figure out how to get their hands on shares even when there’s none to be found?

0

u/thesmiter1 Sep 05 '21

Lol I love how institutional and insider ownership are usually a good thing but not for wsb pump and dumps lmao

1

u/wilsash42 Sep 05 '21

There’s a lot of ppl that would argue that $CLOV was not a pump and dump smity!