Apr. 24 at 12:35 PM
$AIXI my opinion and observation people like to oversimplify and look at splits etc as a whole. This is a very Unique case let’s look at a few
1) 1. Cosmos Health (
$COSM) - December 2022
This is the closest modern parallel to the "CUSIP trap."
• The Situation:
$COSM was facing delisting and was heavily shorted. They announced a 1-for-25 reverse split.
• The Squeeze: On the day the reverse split and CUSIP change went effective (Dec 16, 2022), the stock didn't crash. Instead, because shorts couldn't find "locates" to cover during the CUSIP transition, the stock exploded over 170% in a single day, running from roughly
$7 to over
$23 (post-split prices).
• The Similarity: Like
$AIXI, the squeeze happened because the technical "plumbing" of the market broke—shorts were forced to buy, but nobody was selling.
To be continued
