iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
20,873 Blog Posts

TRADER REVOLT: SHORT SQUEEZE INTENSIFIES AS TRADERS TARGET FAT CAT HEDGE FUNDS

What you are seeing now is a historical short squeeze, the likes we have never seen before. It’s not just GME shooting higher, now up another 68% to 24x book. But we are seeing all stocks with large percent of shares in the float short skyrocket.

The notable ones are GME (+68%) OSTK (+32%), VIR (+43%), BLNK (+35%), WKHS (+31%), BBBY (+22%), NKLA (+20%), BYND (+21%) and it goes on and on and on. I have 45 stocks up more than 7% on heavy volume, all heavily short.

I suspect this trend will continue — as plebs rise up from the deepest crevices of Reddit and other venues to slay their masters. The slavers are running for cover and do not know what to do.

This headline yesterday exacerbated the already frenzied move:

Citadel, Point72 to Invest $2.75 Billion Into Melvin Capital Management

That’s right. Hedge funds are already bailing themselves out due to the rise in GME. So the idea here is — run up these stocks as far as they can go in order to inflict maximum damage to the fuckers who have fucked everyone else for as long as we could remember.

I am long all short squeeze plays, +4.7% for the session.

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6 comments

  1. heckler

    Behold the infinity squeeze

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  2. 2 wheels

    Final phase of the bull run? Epic meltup on all the trash stocks?

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    • 2 wheels

      Or maybe it’s high short interest first, then trash names make the top. Options Addict had a chart on this back in the day I believe

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  3. heckler

    OR this marks just the beginning.

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  4. Mr. Cain Thaler

    Lol my sister-in-law – who never has invested before – is bringing me trash stock picks and I’m going to be buying them all under the theory that she’s plugged into the autistic channels somehow.

    This has to be near the end. No way this lasts another year.

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