I bought into CLOV a few weeks back looking for a quick upside but the shorts have been keeping it way low (probably some revenge porn against Chamath Palihapitiya who SPAC'd Clover Health). Well, the boyz at wallstreetbets got a hold of it Friday because it's one of the market's most shorted stock and because of their support for Chamath during the GME squeeze. Watch the squeeze coming this week...
Whenever someone announces a WSBets Squeeze i look forward to some nice volatility in these stocks and possible short plays. SOS was the same last week (or the week before?), reddit full of it and youtubers pushing... failed miserably.. CLOV on friday and in todays premarket the same...
CLOV The shorts have been keeping it low in feb / Mar 21. it seems to be in the comfort zone 7 to 9 level. past few days, there were 2 unsuccessful attempts by the bulls to push the price higher.
It ain't goin' anywhere, you watch. They'll run it up around $10, maybe a tad more, sell a gillion more calls, and then tank it right back down to the $8's where it will remain through May expiration. This will take a few days. Mark this post.
Very doubtful. If it does it will be a spike and it won't stay there long. At best it will flat-line around $10.35, and that's being generous.