As much as I would have liked to see a huge squeeze happen last week, the price movement was actually pretty encouraging overall and sets us up looking pretty good. I'll go over each day.
**Tuesday May 26**
The first sign of capitulation. After weeks of slow grinding from $5 to $5.6 the stock rose all the way to over $10 briefly in AH. Good to see that it could get there on the first day, even if temporarily.
**Wednesday May 27 - Failed short "attack"**
Right at open, the price dropped quickly with 41,200 new shares shorted (according to Ortex). However, it didn't work. Longs bought the dip shortly after, with minimal shorts added or covered. They did not try to double down, and the stock ended up 16%.
https://preview.redd.it/hdeoorwqtp4h1.png?width=1080&format=png&auto=webp&s=2eaa526fcd0b1bcd2dc9c317373b730981b64ad8
https://preview.redd.it/7vjhhkkstp4h1.png?width=875&format=png&auto=webp&s=6445a324632e8c87f4528a2b22b0ac1133487e1f
**Thursday May 28 - Scary profit-taking day**
Scarier than Wed. Stock dropped continuously for the first half of the day. This time Ortex didn't show significant shorting, so the most likely reason for the drop was profit-taking from longs who would rather play it safe. At the time, there wasn't enough info (at least for me) to figure out if the play was losing steam or if it was just a dip. But around $7, the steady bid upwards ate all the selling pressure. So once the stock recovered, without short covering (on Ortex data), that was enough data to convince me that any near-term downward movement will most likely be temporary dips.
**Friday May 29**
Relatively uneventful day. The price didn't do anything exciting and volume was low. Both sides were just holding on to their positions, and for LFVN's situation, that's not a bad thing since...
**TLDR**
Playing LFVN is like playing tug-of-war, but longs are playing on grass and shorts are playing in mud, slowly sinking. A whale and/or mass retail buying shares would most likely get the squeeze going right away, but even if that doesn't happen soon, just holding on for long enough will have shorts sinking via the average 160% CTB and rising (or >300% for new shorts). And like tug-of-war, once one player starts to tire out and give up, it's most likely GG for the rest of that team. With how the stock is being supported this last week, I think our chances are pretty good.
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I'd actually temper expectations over today's (Monday) ex-div date. I doubt that all shorts are completely oblivious to it while we know all about it. It could trigger the squeeze, but it's not guaranteed. Also, I won't tell anyone to "HODL" during/after a squeeze, but holding is, imo, this stock's main catalyst. Unlike most other short-squeeze stocks, LFVN's best asset is its CTB and (lack of) availability.
Good luck.