Depending on where you got it, shares of HKD are up anywhere from 10,000 to 25,000%. Imagine being short?
There isn’t any news to support such a run. It’s a Chinese company and I am certain a fucking scam. But this sort of run is infectious and causing other low float stocks based out of China run too.
Here are some Chinese burrito runners courtesy of Stocklabs.
I have seen squeezes like this before — but none as ferocious as this one and since I am a finance bloggooooor — I figured I’d document the son of a bitch here and now. Fast forward 1 yr, the gains would have dissipated and the wealth destroyed. However, shorts cannot afford to hold and their NEGATIVE EQUITY situation is ruinous and I am sorry for you if you got caught short this stock. Let this be a lesson to you to avoid shorting low flow scams.
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