Like I have been saying the past two weeks, the volume has been weak. Without the volume, shorts can drill the stock price even more. I think we need to be realistic with this stock. As of today, it’s down more than 25% and trending towards $6.
With now many of 6/18 call options OTM, the gamma squeeze is off. There’s no catalyst and not even a single news from the company. Please prove me wrong but what is the bull’s supporting case other than short data?
I am still holding shares at $8.40 avg and July $10 calls. My profile is down -70% thanks to LFVN. I’ll keep holding but I’m afraid that we will test $5 sooner than go back to $8/$9.