Oct. 27 at 12:06 PM
$PLCE another stock I am high on. Shorted down to
$4.4 in August with over 40% of float shorted. Stock has rallied 100% in 2 months on strong earnings and short closing 700k shares.
There is still 2.7m open short interest. The short will try to close this position before December earnings report which has historically been its strongest quarter. However closing 2m + shares will push this to the
$12 -14$ before earnings.
Keep on buying this stock on dips - this will be trading in the 15-20 range by end of December.
Same exact situation as
$NUTX shorts are trapped and need to cover small float stock before record earnings. Keep any eye on both.
