04-12-2021, 06:48 AM
ATNF finally set for a big Short Squeeze on Monday- after a couple of false starts.
<!-- SC_OFF --><div class="md"><p>$ATNF Huge Short Squeeze likely should kick off Monday. Below are the most recent numbers from FinViz.</p> <p>The SS has been setting up the past 2 weeks with the initial run over $10.. which allowed the millions of shares held by original pre-merge SP,AC buyers.. to be sold at a break-even price (this was 1st time since merge that prices were back above $10. Now there will be no big levels of resistance when we pass through $10 Monday. The Price held above $9.50 for the first time on Friday & price is right around $10 in AH.</p> <p>Finviz currently has ATNF as the highest short float on the market 65%. And the total float around 3.5M. Some site have a larger total float.. but all have the short interest to at 2.2M). Additionally there are about 1 Million shares that will need to be bought by MMs Monday as the $10, $12.5, and $15 calls come in the money.</p> <p>I wouldn’t be shocked if it peaked 50-60 and settled at $35. Just ball-parking..That peak would only be around $1.2B and the $35 settle price- would be around $700M. Which isn’t that high compared to many companies with comparable pipelines. Esp considering- if ATNF had been public during initial phases of the DU trial.. it would have already accreted more of the potential $2.4B value of DU (some for other study’s in later phases like FS). And even at $35.. there is still plenty of room to move up as phase 3 results approach. Additionally, the drop from peak should be less than it usually is- as ppl quickly realize that ATNF has a potentially massive return opportunity across longer time frames).</p> <p>In addition to the SS- ATNF has a blockbuster pipeline & a management team who's track record & experience rivals any Large Cap Bio. This is not a hyperbolic statement ... check it out for yourselfs- Good DD on the STs page and on the 180LifeSciences home page.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/SCModerate"> /u/SCModerate </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/mooctx/atnf_finally_set_for_a_big_short_squeeze_on/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/mooctx/atnf_finally_set_for_a_big_short_squeeze_on/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>$ATNF Huge Short Squeeze likely should kick off Monday. Below are the most recent numbers from FinViz.</p> <p>The SS has been setting up the past 2 weeks with the initial run over $10.. which allowed the millions of shares held by original pre-merge SP,AC buyers.. to be sold at a break-even price (this was 1st time since merge that prices were back above $10. Now there will be no big levels of resistance when we pass through $10 Monday. The Price held above $9.50 for the first time on Friday & price is right around $10 in AH.</p> <p>Finviz currently has ATNF as the highest short float on the market 65%. And the total float around 3.5M. Some site have a larger total float.. but all have the short interest to at 2.2M). Additionally there are about 1 Million shares that will need to be bought by MMs Monday as the $10, $12.5, and $15 calls come in the money.</p> <p>I wouldn’t be shocked if it peaked 50-60 and settled at $35. Just ball-parking..That peak would only be around $1.2B and the $35 settle price- would be around $700M. Which isn’t that high compared to many companies with comparable pipelines. Esp considering- if ATNF had been public during initial phases of the DU trial.. it would have already accreted more of the potential $2.4B value of DU (some for other study’s in later phases like FS). And even at $35.. there is still plenty of room to move up as phase 3 results approach. Additionally, the drop from peak should be less than it usually is- as ppl quickly realize that ATNF has a potentially massive return opportunity across longer time frames).</p> <p>In addition to the SS- ATNF has a blockbuster pipeline & a management team who's track record & experience rivals any Large Cap Bio. This is not a hyperbolic statement ... check it out for yourselfs- Good DD on the STs page and on the 180LifeSciences home page.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/SCModerate"> /u/SCModerate </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/mooctx/atnf_finally_set_for_a_big_short_squeeze_on/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/mooctx/atnf_finally_set_for_a_big_short_squeeze_on/">[comments]</a></span>Kind Regards R