
Shorts are going high on SPCX.
We cannot ignore that, few days ago the number of shares available to borrow was 18.5 millions!

We cannot ignore that, few days ago the number of shares available to borrow was 18.5 millions!
And tomorrow is unlock day for 328 millions shares. The valuation is not so tempting finally, we can imagine that few people will sell unless they are afraid of the coming major unlock or to see SpaceX borrowing another $40B!
Tomorrow anyway will be red but what about next week? We need some news about the global SpaceX business to figure out how good or not the earning will be.
An interesting point I just noticed now: 3 millions less shares available for shorting on IBKR. It was not the case 30 minutes ago.
The trick: no more YM ETF!
After an interesting squeeze on SNOW these last days it seems we are going back where the stock was before! Squeeze are usually followed by a sharp fall, generally faster than the climb.
The kind of progress you can do after quitting YieldMax!