[J pold]

Originally Posted by manwiches

Yep.

I swing trade and scalp. I leave investing to my wealth manager

So my short term thesis for this is extremely bullish. High high short interest, bottomed out chart, lots of rumor and buzz (rumored Amazon buyout, Biden actually coming out saying he would help theatres, global market, CEO has come out said they are aggressively pursuing a bailout). Also, look at what GME did recently, what KODK did last year too. More relevant examples are HTZ and JCP.

All those factors = short squeeze city. It seems counterintuitive, but the higher short interest, with the right chart and sentiment, is blood in the water for bullish traders.

I anticipate this moves very much like the above tickers over the next month. I had been watching this one for bottom, and when the reversal started last week before the hype, and it hit my scanner, I loaded big at 2.02, with a downside of 1.97. my PTs start at $5 and then $7, based on fibbs and vol profile.

I will and still am holding full despite yesterday's and today's moves. There is very little chance of an offering due to its poor sentiment right now. There should be a few squeezes before it hits my PTs, but I'll hold full til I get to my first PT, unless the pullbacks are significant, which I'll scale and readd dips.


Now for the same reason JCP and HTZ ran early and hard in the short term, is why I am also long term bearish. I won't hold anymore once it reaches my targets. I have a pretty hard rule of not "investing" or swinging long term pennies.

Sent from my SM-N975W using Tapatalk

Bought up some AMC yesterday - let's see where it goes!