Apr. 14 at 11:45 PM
$STLA Reviewing the chart and tape closely. This thing is a pressure cooker right now. Been up 25% in last 3 weeks. As of end of March, it’s short interest of ~69M shares is highest that I have seen in last 1-2 years. Borrow rate tripled today but the volume is slowing down. I feel like either we will see a squeeze to
$8.8-
$9.2 or MMs will taper it back to mid-7s in next 3-5 days. Let’s see how it plays out. Roughly 2 weeks to earnings and 5 weeks to investors days. Remember that there will be some RSI cooling along the way. Filosa has to show that turnaround is taking shape for the market to build confidence again which has taken a huge hit in last 18-20 months! We are still not that far from the bottom but far from a potential top, which is a good thing! 😊
