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MTBC: Ideally a gap up and squeeze near $2 for the short.
MBRX: Nice unwind today. I missed it, didn’t like how it was just grinding along. But came in toward the end of the day. Watching all pops risk on $3.10s for more unwind.
DRYS: Where to begin? First check out my tweets tonight on it .. but the reality is everyone is looking for that same squeeze that happened on the split day. $1.50-$3.80… But the reality is the float is 5x bigger now near 30M shares so the giant move that everyone is expecting probably wont happen. The reason why it bounced so much today IMO is because too many people went full BP short again @ 1.20-1.30 expecting a wash under $1 to cover into. But when everyone does the same thing the opposite usually happens. Now those people are getting squeezed here. Reality is “Kalani” still has $40M to sell, and he is usually 20% of the daily volume. I see some people saying the dilution is over, but they would probably need another 2-3 weeks to finish this round off. Last week he sold millions of shares @ $1.07 and $1.17 with barely any liquidity. Tomorrow when the stock opens at $1.70s with plenty of liquidity and NO ssr, he is going to lick his chops to unload. I am watching ALL pops s/s like usual tomorrow. Should be a decent trade.
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