SPCE class a bullish divergence + falling wedge?

25 Feb

On the weekly we see very obvious bullish divergence. There's also a falling wedge like structure forming during the same period.

Arguably, it's about to form a double bottom on the daily as well.

I see at least some upside. As for targets, i didnt set any yet except I'll be taking out half at some point to secure the gains.

Posting idea for the first time and through app, sorry if out of place ❤️

26 Feb

Dagangan aktif

How does one insert images in ideas? I feel like I've seen people post updates with updated charts and what not on here plenty of times...

Anyway, be aware there is earnings later today so expect the unexpected ;-)

26 Feb

Nota

21 Mac

Nota

## Borrow fees are through the roof (258%) and almost no shares available for borrow

Conventional shorting of this stock is just not financially sound at this point.
Not only will the borrower be paying a massive fee for borrowing the shares to sell short, but there isn't even any significant amount of shares left available.

I am unsure if it would be a breach of some guideline if I post a link directly to the data, but check for yourself on IBorrowDesk if you think this sounds like baloney.

A full 30% of the entire free float is already sold short, according to the latest publicly available data. This could get pretty interesting but I'm not going to get overly excited just yet.

Besides, this stock is also one that I find could be a good long-term play given the drastic improvements in financials forecasted to come to fruition within approximately just 1 year.

21 Mac

Nota

My thought process:

- Reportedly, the short interest on SPCE was 10.73M shares (out of ~33M free float total) or about one third of the entire float on the 28th of february (21 days ago).
- Unless 2/3 of the volume (15M so far) this week is shorts closing, and all shorts have closed, there's still open short positions out there. With no way to borrow shares and further short the stock, there is no way to create additional artificial downwards pressure. So unless shareholders decide to sell their shares for a price this low (and really, who would do that with the current price being near all time lows (has only been lower for a total of three weeks and I doubt most long shareholders bought all their shares in the past three weeks)?) there's a pretty significant amount of juice left in this squeeze.
- Price just rose ~50% over the past week or so. Bottoming signals are confirming. Price is holding. No shares to borrow. Shorts have opened around 1 million short positions during the second half of february. These positions are likely either underwater already or close to being so. With potentially infinite loss on the table, it seems very risky to hold on to these short positions.

#SPCE

31 Mac

Nota

Could we be printing a double bottom soon?

Notice the giant W shape on the daily, combined with bullish divergence (the two bottoms are at the same level, the RSI is higher now than previously when we were at these levels). 2 touch points though. But yeah. I think this could be it?