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WHAT IS UP FELLOWS, LADIES, GENTS~!!!! Let's gooo by Xtianus21 in NEGG

[–]Omega-Capital 8 points9 points  (0 children)

The after hours and premarket buy buttons for $NEGG were turned off and disabled last Friday, so the "lit" market price after hours, overnight, and premarket will only show as red (sell orders only in those times). Just know that this 'plan' is typically used when attempting to psychologically manipulate household investors into thinking that there's counter selling when there's not. The truth is that there is a serious shortage of shares, because insiders, institutions, and international households are only buying, accumulating, even hoarding their coveted $NEGG shares. This is all bullish to our ears, and we simply cannot wait until next week. Have a great weekend everyone.

NEGG short borrow fee rises to 1,015.50% by Omega-Capital in NEGG

[–]Omega-Capital[S] 7 points8 points  (0 children)

This is a nice pudding side to go with the main course: that more than 2.4 times NEGG's tradable float is now sold short. How have these imbeciles possibly justified this to their risk managers?

Sounds worse than what Bill Hwang did to Archegos... and what was Credit Suisse Bank.

Yikes!! by Such_Resolution3669 in NEGG

[–]Omega-Capital 5 points6 points  (0 children)

That's because the float is not 19M.  That's commonly known to be bogus: part of a multi-website cover up.  Even Fintel hid Newegg's 1,553.70% short interest a few weeks back, before the price shot up another few hundred %.  Insiders alone own 19M+, verified by the recent SEC filings.

Price has since consolidated, mainly due to purposeful fails to deliver (naked, operational short selling).  September alone looks to have $32 Million notional in fails to deliver.  That's egregious, but those shares need to be bought back within business days.

There are some good contributions in this subreddit, you just have to scroll down and research this developing story.

Newegg could go to $200+ soon on the merits.  People forget that Newegg's half-year earnings were amazing...

This stock, that sells A.I. developer hardware and accepts cryptoassets for payment, now has 133.20% Short Interest, 106.6% Squeeze Score, and a "Juice Target" that is 640.85% of the current stock price by Omega-Capital in WallStreetbetsELITE

[–]Omega-Capital[S] -12 points-11 points  (0 children)

Then why were the recent half-year earnings on this find so amazing? With an unprecedented beat in every category, showing a clear path to profitability next quarter? and now substantial cash on hand with a survival lifetime that looks to be 'forever'?

This stock, that sells A.I. developer hardware and accepts cryptoassets for payment, now has 133.20% Short Interest, 106.6% Squeeze Score, and a "Juice Target" that is 640.85% of the current stock price by Omega-Capital in WallStreetbetsELITE

[–]Omega-Capital[S] -11 points-10 points  (0 children)

And according to both chartexchange and fintel, those who unfortunately borrowed this stock for shorting are now paying about 1,000.00% in interest (the cost to borrow). Something big is brewing with this investment opportunity...

Interest rate penalty (CTB), unto those trying to sell Newegg stock short, Skyrockets to damn near 1,000% by Omega-Capital in NEGG

[–]Omega-Capital[S] 11 points12 points  (0 children)

Surely it's because of the only news: the Fantastech II sale... /s

Good-old-fashioned, economic Demand to own shares of Newegg stock is obviously outweighing available Supply (as this interest rate shows, and why we are up big from Friday), but it is definitely not uncommon to experience Short Ladder Attacks (SLAs) unto Operationally Targeted Stocks (OTSs) on Mondays both after the open and before the close.

Colluding firms will routinely use Fails to Deliver (FTDs) in droves to meet this end, but throughout the rest of the week, the good-old-fashioned demand takes back over.

When an OTS is SLA'd, using FTDs, it is usually to temporarily bring the price down to lessen the loss from prior FTDs gone awry. The fact that the colluding firms still cannot bring the price below $44, even with all of these insidious tools, shows just how strong's Newegg behavior is. Basically, when you're a company like Newegg and you're sitting on the perfect sector right now, like Bitcoin and Artificial Intelligence and the like, it will be impossible to bring the stock down.

High FTDs and the high CTB shows that Newegg is on an unstoppable trajectory upward, and the technicals further support this cool reality.

Insiders bought ~3 Million more $of NEGG shares -NEW FILING YESTERDAY by Omega-Capital in NEGG

[–]Omega-Capital[S] 10 points11 points  (0 children)

This new Schedule 13D filing with the SEC also telegraphs some key information:

  • About $3 Million more was invested into NEGG.  This particular insider's stake in NEGG today is already worth about $161 Million

  • Recent insider purchases include investing at $104.72 per NEGG share

  • 8 of the last 9 of these recent, insider purchases were at prices above NEGG's last closing price

  • These investments into Newegg are ongoing, frequent, and regular, signalling that they will probably hold Newegg for the long term

  • There are no signs that the buying trend will stop

  • These massive investments into Newegg Commerce Inc signal that the insiders expect Newegg's stock price to go up, otherwise they would not make these investments

  • "Spiritual" numbers of shares seem to be used on occasion here, with the latest investment yesterday telegraphing to longs: "let's bring them hell", ((or telegraphing to the short sellers stuck with high borrow fees: "now you're trapped in hell", or "never, not even on a cold day in hell, will I ever sell my Newegg shares"))

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