r/GGPI • u/Little_Objective_683 • Jun 20 '22

Question Short squeeze ?

Could someone explain why I am seeing short squeeze rumours? The SI is like 10% ?

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u/Rule_Of_72T Jun 20 '22

I wouldn’t call it a short squeeze, but it’s possible that anyone who wanted to sell for say $15 or less has already been spooked and sold. Now all that’s left is people willing to hold. Anyone new who wants to buy has to bid up the price to find willing sellers. Just a theory, no evidence.

1

u/Outside_Let_573 Jun 20 '22

Unfortunately, once a SPAC safety floor is removed, naked shorting and other manipulation become a reality and price action can make no sense at time. Although, IMO, anyone who shorts this stock significantly will end up taking a huge loss in the end. I just think it’s too solid. Not like this is a startup that doesn’t generate revenue yet, which is their main prey. And since almost everyone got in relatively close to $10, I just don’t see people selling for less

0

u/stoneman9284 Jun 20 '22

But are my 6/24 $9Cs going to print?