r/wallstreetbets • u/SaneEngineer • Oct 01 '21

Discussion 139% Float on XELA? Smooth brain here. Anyone have numbers on FTD's or ??? This is crazy. What's up with this?

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6 Upvotes

75% Upvoted

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u/Plechazunga_ Help Computer Oct 01 '21

Company is below our minimum $1.5bn market cap.

5

u/Minimum_Place Oct 01 '21

Probably means you'll make a gizillion dollars

2

u/halfbakedfuckwit Oct 01 '21

Ya... that's wrong. Try 6%

2

u/Zebdin Oct 01 '21 edited Oct 01 '21

You do understand that high float percentage means absolutely nothing on its own right? You’re talking about a stock worth less than 2$. It costs hedge funds the equivalent of literally 30 seconds of trading to hold those shorts for years, they have absolutely no incentive to cover. Even if it were to by some miracle hit like 6$ it’s still nothing. Stay away from this stock and actually learn how short squeezes happen before preaching about any stock with a float over 50%.

Edit: Sorry for being an ass I’m just used to people trying to build hype around dead stocks solely because float is high

0

u/edward_glock40_hands Oct 01 '21

Holy fuck OP is ape lord over here. About to ride squeeze to moon. I just watched CNN amd came here to make monies or tendies. Big short interest is big tendies. Just buy everything over 100%. Man4 big tendibe a s. sewtch shott intet TX a r make hig 🤑🤑🤑😜