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Joined My Voyage(r) a week Ago? Up 30+%! Why there’s still time...
I don’t have time to explain what a short squeeze is here. They are rare and super uncommon. $VYGVF
Three things need to happen for them to work in my opinion:
- Large amount of insiders holding a disproportionately large amount of the float. - in the case of Voyager, CHECK
- An unreasonably high volume of shares sold short. Some finance academics say anything over 10% is actually bullish. I say anything over 45% is fish in a barrel. In the case of Voyager, the reported shares short was in the ~70% neighborhood, not mention the unreported OTC puts. The float short probably well exceeds 70, even though some people are trying to get out. In the case of Voyager - CHECK
- The underlying fundamentals of a company are very strong, suggesting that anyone buying into the company is looking for long-term gains. Paper hands can kill a short squeeze, even on wall street. While the days to cover ratio means many shorters will be able to rally to cover, if retailers stop selling the damn shares the short sellers are toast. VYGVF is a crypto exchange. It’s so obvious. Don’t be ridiculous. Even if crypto tanks some, Voyager still makes money because paper hands will trade.
If the squeeze gets really bad, Voyager can quickly shoot up to $150-200, a price I believe it could reach three months after the Coinbase IPO. In other words, it would never come down, just hang in profits.
I am buying more.
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