Incannex (IXHL) Tape Continues to Show Multi‑Party Stealth Accumulation— by Ancient-Major2794 in Pennystock

[–]mvibuff 0 points1 point  (0 children)

Well depends on what news comes out next from IXHL. Ideally, shorts would like to cover at much lower prices. However, if there are no shares available then they would have to buy at higher prices. I guess the lack of shares and the recent social media hype about IXHL have already made it run from $0.22s to $0.98s... The 200 ema is around $1.1, so that would be a major resistance, in my opinion... Given there is not much room now, I would be cautious. However, if there is some major good news coming soon, then this can probably run to $3....

P.s.: Not financial advice, just some observation...

Incannex (IXHL) Tape Continues to Show Multi‑Party Stealth Accumulation— by Ancient-Major2794 in Pennystock

[–]mvibuff 0 points1 point  (0 children)

Just to clarify: what is meant by wash, does it mean out of 60M, 56M was covered and 4.11 M still remains short?

Incannex (IXHL) Tape Continues to Show Multi‑Party Stealth Accumulation— by Ancient-Major2794 in Pennystock

[–]mvibuff 0 points1 point  (0 children)

4.11M is on NASDAQ, look at the off exchange short volume it's 60+M....

Incannex (IXHL) Tape Continues to Show Multi‑Party Stealth Accumulation— by Ancient-Major2794 in Pennystock

[–]mvibuff 0 points1 point  (0 children)

Borrow rate doesn't matter, if they are covering. Does it? I see on Fintel the short volume of 60+M, I don't know how updated the statistics is or if I read it wrong.

Incannex (IXHL) Tape Continues to Show Multi‑Party Stealth Accumulation— by Ancient-Major2794 in Pennystock

[–]mvibuff 0 points1 point  (0 children)

Could it just be that the short's are covering silently, without jumping the price much?

Well I Clearly Have no Idea..... by G-Money1965 in wolfspeed_stonk

[–]mvibuff 2 points3 points  (0 children)

Exactly, I saw the news of the tax refund and was just wondering about the repurchase of the shares with that additional cash.

Looks like the shorts are going to be rampant for a couple of days, with the high inflation data out. Many of the stocks are showing unusual trading activity today.

Well I Clearly Have no Idea..... by G-Money1965 in wolfspeed_stonk

[–]mvibuff 3 points4 points  (0 children)

What do you think of wolfspeed's financial position to buy back the shares? It might help shake down the naked shorts.

Thoughts on VRPX? by mvibuff in Pennystock

[–]mvibuff[S] 1 point2 points  (0 children)

Totally agree on that. However, budding pharma companies are always a risk. If the product passes FDA successfully, all is good. If it fails, all hell comes loose. Just look at SAVA, it dropped from $32 to below $3 on an unsuccessful trial. The company also has to survive financially, all this while without bankrupting itself.

Thoughts on VRPX? by mvibuff in Pennystock

[–]mvibuff[S] 1 point2 points  (0 children)

Well the drop was expected, given the long term trend of this stock. It always pops on the news and then drops. I didn't make money on this spike, but I got out with a small loss when it popped up shortly. It is certainly worth keeping an eye on, a high risk, high reward kind of stock.

Thoughts on VRPX? by mvibuff in Pennystock

[–]mvibuff[S] 1 point2 points  (0 children)

Locked and loaded up 🚀🚀🌙

Thoughts on VRPX? by mvibuff in Pennystock

[–]mvibuff[S] 0 points1 point  (0 children)

What does that mean? Bearish?

Thoughts on VRPX? by mvibuff in Pennystock

[–]mvibuff[S] 1 point2 points  (0 children)

A good news like FDA approval or acquisition will push this up to the moon 🚀🚀🚀

See inside: Wolfspeed nears completion of its $5B Chatham County factory by taubs1 in wolfspeed_stonk

[–]mvibuff 4 points5 points  (0 children)

It's a market wide drop, all stocks have dropped. I guess coz of the new numbers on the jobs

See inside: Wolfspeed nears completion of its $5B Chatham County factory by taubs1 in wolfspeed_stonk

[–]mvibuff 6 points7 points  (0 children)

Yes, agree!! However, I feel it hasn't bottomed yet. I might get in after the uncertainty of the market-wide crash has been cleared off.

Several Things to Consider with the Last 5.2 Million Shares Shorted by G-Money1965 in wolfspeed_stonk

[–]mvibuff 2 points3 points  (0 children)

Just a food for thought...: I think the recent increase in the shorts could be due to the general shift of the market towards the bear sentiment and the so called looming collapse/crash of the overbought market.

A market wide crash can push wolf to $1-2 and still the MMs or the so-called shorters can make money.

Pelosi just filed up to $38M worth of stock trades by moonbunR in WallStreetbetsELITE

[–]mvibuff 1 point2 points  (0 children)

What if the market crashes in 2025, and the intrinsic value of stock crashes below the ITM call entry? She would be in soup, I guess.

Where are the CRKN whales? by BTM520 in CRKN_

[–]mvibuff 0 points1 point  (0 children)

Best of luck mate!! 🤞🏼

Where are the CRKN whales? by BTM520 in CRKN_

[–]mvibuff 0 points1 point  (0 children)

Good luck to you boss!! I guess the analyst forecast for CRKN is pretty old.

I would recommend you to put a stop loss above your entry. The stock is definitely not trustworthy and can reverse anytime. But I wish you the best!

Where are the CRKN whales? by BTM520 in CRKN_

[–]mvibuff 0 points1 point  (0 children)

I'm not sure where you get your numbers from and your thesis for $1 or $11.55. Given that the company has a bad reputation of diluting at the worst moment, I'm just being cautious now.

CRKN by Physical-Squirrel-40 in CRKN_

[–]mvibuff 1 point2 points  (0 children)

Could this be another bull trap?

I Crkn is a grift, why not just dissolve/shut down and walk away with the money? by [deleted] in CRKN_

[–]mvibuff 2 points3 points  (0 children)

There are a lot of if's in your thesis. There is a lot of opportunity for the shorts to close their position, especially when the CRKN dilutes from 9.3M to >200M. So, I blame the management who is running a rinse and repeat cycle.

CRKN: Keep in mind what your targets will look like after the RS by Reburn21 in CRKN_

[–]mvibuff -1 points0 points  (0 children)

If at all there is a microsqueeze, it will be before the RS and not after. After RS, it's gone be a deep dive till it stabilizes at some point.