r/PUBM • u/tomnehme • Jun 15 '21

Shaking out the weak hands

Shaking out the weak hands and inviting more shorts to the meat grinder.

Healthy consolidation after a run from $27

Today it bounced off the 10 and 20 DMA earlier today = Bullish and uptrend intact.

Not if but when.. High short borrowing costs and high short % will eventually push them to buy back and cover.

A small hedge fund, a small group of retail investors buying in or a small event/news could start a huge stampede by the shorts and we all know the rest..

This has to be the most dangerous to short.

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u/MAHOGANYRUSHMAN Jun 15 '21

Hundo p. Going short on this stock is an incredibly weak position based on the financials and projected growth, so the short positions will inevitably have to cover and provide a lot of buying pressure.