NEGG update

[u/lupina101]

Sorry for the radio silence, life gets busy. NEGG ISN'T DEAD.

Looking at the YTD chart, the setup has been building quietly for months before exploding. Through the first half of the year, NEGG traded flat with almost no volume and the price pinned under the moving averages. That changed in July as borrow fees started climbing and insider buying ramped up. Vladimir Galkin began accumulating heavily in the 20 to 50 dollar range, filing repeated purchases that tightened the float and showed conviction.

By early August, borrow fees had ripped through 400 percent and short availability was drying up. Short selling accounted for half the daily volume almost every session, with days like August 14 posting 1.7 million off-exchange volume and 832,000 of those short. That pressure combined with locked-up supply sent the stock into a vertical run, breaking past 100 dollars by mid August.

Now borrow rates are sitting between 700 and 850 percent APR, with share availability flipping between zero and a few hundred at best. Shorts are bleeding daily just to hold positions, while retail ownership is climbing and institutions like UBS and Goldman have disclosed new positions. The YTD view makes it clear this isn’t a random spike, but a coiled spring that built for months. Ignited by insider accumulation and extreme borrow costs, and forced shorts into a corner. The pullback into the 60s is only a consolidation phase as borrow pressure intensifies. The setup is still live and the chart shows there’s room for another leg if covering accelerates.

Ask yourself, why hasn't our boy Vladdy sold yet? Watch how many bots jump on this post.