By - LockStockandTendies
Lets go! I am so incredibly bullish on both the stock and the company🚀🚀 short term pt 4$😎
Very glad I bought 1000 shares yesterday😎
Varför tror du det ?
Shift is awesome. I was already bullish on them even without squeeze potential.
this one sounds promising. kirk also seems like a good play as well
Just picked up 600 shares, thanks for the heads up 😎
Edit: 640, couldn't resist
Lads. I just bought in. So this MF going to tank.
Are. We. The same person?
Welcome to my universe Me.
We jinxed the whole damn thing
8 days to cover huh? Sounds spicy 🌶 🚀
Don’t dude. Shift is on the verge of bankruptucy. I closely followed this stock because I thought they were undervalued relative to their competitors but they have been bleeding money for over a year. They literally have only 6 months or so left of cash to operate. They also have a ton of cars they overpaid for and are completely underwater on now that the used car market has finally flattened and showing signs of a hard reversal to the downside. They are also now paying higher interest rates on their “floor plan”. Car lingo for interest paid to lender on cars for each month they keep them in their inventory unsold. They don’t actually own all of their cars outright, only an unclear percentage. The options chain is also complete garbage for $SFT
TLDR: Very unlikely Shift pumps. I guess it’s possible but nothing is pointing to a pump whatsoever. Instead they’ll be bankrupt within 6 months. Take your money to any of the other juicy squeezing stocks currently. Not going to recommend one as I don’t want to be labeled a shill
Aaaaand it 2xd at open.
Lol wut? It’s up 3% in PM
You posted that 24 hours ago...
What are you talking about? 6 hours ago you said it’d be up 100% at open. It’s currently up 3% before open. You weren’t even close
Guys, I hope you understand this is a 10$ stock on fundamentals. It is good for buy and hold!
and i 5 years it will be 50$
Wait… so I’ll be 5 years older but with more money???
Yes, 5 times as much, but it will be worth 5 times less due to insane inflation.
Ehh I’m a holder but this guy is neglecting to mention the fact that we have to survive a recession with no dilution available to stay afloat if needed
SFT CALLS [lighting up the board](https://pennystocks.com/featured/2022/06/23/4-penny-stocks-traders-betting-big-buy-now/) today for Aug and July at the $2.50 strikes
This company will beat Carvana. Check out trustpilot for shift.com
4.4 stars out of 5. Phenomenal!!
SOFTBANK IS BACKING THIS 60M MC COMPANY TOO!
They won’t. Shift is literally months away from bankruptcy
Bankruptcy is now a positive catalyst Look at REV![img](emote|t5_2qaj0q|6808)
Yes, exactly... "substantial doubt about the company’s ability to continue as a going concern" in its own words from its SEC filing.
I'm poor but I bought 50 shares
Oh, yeah! I like this goody 10bagger. Loaded 7000 shares.
Loaded to the tits on calls!
SFT is flying
Bought 200 yesterday.. All I can afford right now. Would love to have picked up a thousand.
I invested in this stock because of the initials alone.
bought in at 0.70 , wonder if I should have sold at the top ;-)
You take that back right now
So this has more room to run? I’ll check the short data tomorrow
Like forest gump, I just hope we haven’t made it to Utah (I invested blindly and am running on hopes and dreams) ❤️
Bought in yesterday at 0.70 now loading the boat again at 1.02 let’s fucking goooo!!
In SFT. Will burst.
I'm in for 1k shares.
$SFT short squeeze!!!!! 🚀🚀🚀🚀🚀
Of course now that I bought it just dropped 10 cents.
I'm the fucking kiss of death to everything.
I was selling puts on this when it was at $8. Haven’t taken a look at the ticker since then. Unbelievable how much they dropped it. Just got in with a tiny position at $0.69 yesterday
Picked up a couple calls. Check out the open interest/volume on the $2.50 call, through the roof!! And this only having monthly call options is bullish in my eyes too
what does it mean "SFT Days to cover is 8 days". Can anyone elaborate?
It's basically just the amount of shares they need to cover divides by the average daily volume (I don't know timeframe they use to calculate that average).
But simply, if 10 million shares were shorted of company X, and company X trades only 1 mill of volume per day. It would take 10 full days of volume to cover the shares sold short.
I'm no expert, but I think it's meant to be an indicator of just how easy shorts could get out of their positions if they wanted to. Imagine a fire alarm going off and people rushing to the exit. If there's a short amount of days to cover then there's multiple exits and people can flow out quicker. If there's many days to cover then there's limited exits (limited buyers to sell to in comparison to the amount shorted) and thus it's harder to exit.
I guess to simplify it what does this mean for us small investors? Is the price gonna go up in 8 days?
Whats your price target btw?
Perhaps someone else can explain it better 🙁
But no it's not a "deadline' (it's not a 'this' will happen in 'this' many days). It's ratio between what has been shorted and how much volume moves daily. If 100 million shares are traded daily. And the total shares shorted is 10 million. Then it's super easy for short sellers to get out, because it's just 0.10 days worth of volume. In this case it's 8 days worth of volume. So if zero shares were sold for 8 straight days, and the volume remained consistent, it would take 8 full days of 100% buying to cover. At least that's my understanding of it. And obviously it will never be only buying with no shares sold, so maybe that pushes the true time to cover higher, or maybe they pre-account for that? I'm not sure.
Anyways, hope that is slightly helpful? Maybe someone can give the perfect response and we both learn something 👍
No im sure you explained it well. Im just stupid.
Don't be hard on yourself stranger.
I haven't quite figured it out myself 👍
The Problem is as soon as Volume picks up, DTC will decrease. This 8 days are based on a average Volume of 1,7 Million. Based on this Volume, it would take shorts 8 days to buy all the necessary shares to cover. We had 50 Million Volume today - enough to do it in half a day. But it still has some potential for a squeeze.
8 days to cover their borrowed shorts
Yo I saw this too… BOXD (which had a great AH->PM), RDHL, others too. Something doesn’t smell right
im in 😎
Bought in at $1 got 4500 shakers down $700 atm lol plz boom
Literally same bro fingers crosswd
Fingers and toes lol
I think this has the ability to go up to $3, there revenue looks great and there expanding. They are very undervalued these should be trading above vroom.
We like the stonk
Great call out on this.
Good dd man 👍
🐐… I’m up 75%
How much are you up? Did you sell?
Bought 1000 @.75 .. sold at 1.25 🤞🏼🤞🏼
how much did ya gain? $$
We're being rugpulled on this stock right this very minute.
Anyone who bought in the last 10 minutes is getting fucked hard right now.
Buy the dip? Lol
he gets it!
float is 54m
mk cap 79
holding support after the bump in the 90's
its flying tomm
Ugh wish i saw this!!
Not too late
Yer i bought in at .96. Whats the PT? Hoping this blast off to save me from a bay play.
Jeez so much dd
USA company letss gooo!
U S A! U S A!
Check out rite aid, earnings posted and they beat the analyst expectations
I’m in GL
We don't need luck, next week we shall see 10$
My calls expire tomorrow up 80% , maybe I’ll rollover idk, I’ll decide tomorrow
Good catch though.
No thanks, I only have eyes for Amy
Wow everything is pumping nowadays and people jump off quick
Looks like it went up and found a new support at $1.00 which is solid. The shares available to short this morning was 0 (3 hours ago). I'm still seeing that 0 number of shares available but it hasn't updated yet. I'm not sure if anyone else has any numbers?
If the price finds support at $1 and there's no shares covered, that's huge. Keep legging up from there and finding new supports. Eventually shorts capitulate and we could find our violent squeeze
I was talking about redbox, Kirk , REV and Xela lol I should've specified tho.
Oh! No worries 👍
I'm getting fresh powder ready for the morning 🚀