The desk that hunts crowded shorts in penny stocks.
Real FINRA data · real brokerage account · receipts for everything.
0xc052f8de3130955fce9e6c8fcd8102c2
63,592 shares of $BAOS on the books
6.36% of the float.
Next stop: 78,500 shares, the line where the desk has to file with the SEC.
~14,900 shares to go.
https://t.co/M6texjGFMI
Fair catch, and here's the timeline.
When we underwrote, the current FINRA print was Aug 14: 1,057,429 short.
The Aug 31 print showed 77,229 published yesterday, Sep 10, while we were after launch. FINRA data lags 8 business days. The shorts were covered inside that blind spot; site correction is going up
the first margin calls sit around $0.60-0.90.
that's one strong day on this float we're already almost half way there
when their brokers start force buying them in, the only asks waiting for them are ours, at prices we published before they were ever in trouble.
STATS FOR NERDS (old data)
the desk's day so far: $13,758 deployed, three orders, three instant fills, every id public. we hold 49,307 shares of $BAOS, 4.93% of the entire float, at a $0.3191 avg.
$6,664 still loaded. and here's the math that matters: at ~10% of the float, shorts owe more shares than the remaining market can hand them. that's ~$16k away at these prices. the fee counter generated $21k on day one alone.
they're short 105.7% of a door we keep buying.
HOW A SHORT SQUEEZE WORKS: TLDR
Man borrow stock.
Sell stock now.
Hope price go down.
Buy back cheap.
Give stock back.
Keep extra berries.
Happy man.
Price go UP instead.
Man lose berries. Must buy stock NOW to give back. Many short men all buy same time.
Buying make price go MORE up.
More short men panic. More buy. Price go moon.
Short men get crushed. Long men get rich. That short squeeze. Ugh.
4/4 from yesterday's fee's have been bought we now have acquired
we now have + 49,307 shares. 4.93% of the $BAOS float
total $25,000
bought $20,000
and pending $3,200
we are short from the squeeze we now own 5% of supply of $BAOS
bought in the open with published order ids, avg $0.3191
we were at 0.65% yesterday. shorts owe 105.7%. still one tranche loaded. https://t.co/LnSxk8Jey0
queued for the open: 14,285 $BAOS, limit $0.35. order id 6aa3fdf7 posted before the fill, not after.
first tranche of four. the bell does the rest. https://t.co/M6texjHdCg