ProgN said:

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Anyone in UPST???

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No, but if I was I'd be UPSeT........

Earnings looked good. Surprised by the sell off.

seems reasonable enough...

Ok here’s the plan.

Pull back to 4550

Melt up into year end.

20% correction in Jan or Feb.

Are we clear?

— David Tracey (@David_Tracey) November 8, 2021

Anyone else in $PUBM? Up to $39 from $32 after hours

Orlando Ayala Cant Read said:

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Ranger222's calls from a couple pages back are looking pretty good today.

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Up 94% on Ranger222's call plays from a couple of weeks ago.

Where is this guy to take a bow? And to give us more? And most importantly to let me know if I should continue holding!

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5 Short Squeeze Candidates To Watch: Progenity Tops List Again, Cassava Sciences Joins Following Short Report

10:44 am ET November 8, 2021 (Benzinga) Print

Potential short squeeze plays have gained steam in 2021 with new retail traders looking for the next GameStop Corp (NYSE: GME) or AMC Entertainment Holdings Inc (NYSE: AMC).

A short squeeze can occur when a heavily shorted stock rises in value instead of falling. Short sellers could be looking to close out their position and can face a loss if they have to buy back the shares they initially borrowed at a higher price.

Fintel Data: Data from Fintel, which requires a subscription, provides a look at some of the top shorted stocks and data that shows how likely a short squeeze is to happen.

Here is a look at Fintel's top five short squeeze candidates for the week of Nov. 8.

Progenity: Topping the list for the fourth straight week is biotech company Progenity Inc (NASDAQ: PROG). Fintel data shows the company having 35% of its float short. Short interest in PROG has increased 789% since the end of July. Fintel said the next short interest report comes out on Nov. 9, which could show even more shares short for PROG.

The stock is mentioned as a meme-stock favorite and short-sellers favorite by Fintel and continues to lead the way on the weekly short squeeze potential leaderboard.

Cassava Sciences: Biotech company Cassava Sciences Inc (NASDAQ: SAVA) is targeting treating Alzheimer's Disease. The company was targeted by a short report from Quintessential Capital last week that included the launch of a new website targeting the company. Shares dipped briefly on the short report before rocketing from the $55 level to more than $90 late in the week.

Fintel shows 25% of the total float of SAVA shorted. Short interest is up 260% from February.

Related Link: 5 Short Squeeze Candidates to Watch: Progenity Tops List Again, Augmented Reality Play WiMi Hologram Joins

Big 5 Sporting Goods: Specialty retailer Big 5 Sporting Goods Corp (NASDAQ: BGFV) joins the short squeeze leaderboard with 41.9% of the company's float short. Short interest in the company is up 60% since mid-February. The sporting goods retailer has also seen the borrowing fee on shares increase recently, which could set it up for a squeeze.

AerSale Corp: Aviation company AerSale Corp (NASDAQ: ASLE) moves up one spot on the Fintel leaderboard. Fintel reports 31.6% of the float short, which is the same as last week. Short interest in the company has been "increasing rapidly in the last few weeks," according to the report.

BriaCell Therapeutics: Biotechnology company BriaCell Therapeutics Corp (NASDAQ: BCTX) is no stranger to the short squeeze leaderboard and comes in at fifth place this week. Fintel reports 16% of the total float in BCTX short. A cost to borrow of 39.9% is the highest of the top five names on the list. Short interest has declined in the last report, but remains up significantly from July.

GROM Social Enterprises (NASDAQ: GROM) was left off the leaderboard due to a market cap under $100 million. The company would have come in at third on the list.

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I'm starting to become a believer in seasonality, and check out mancinis comments on the matter

The next 10 or so days are seasonally "weaker" - though not outright bearish (more a choppy/corrective phase). I trade price only, but worth noting. *On avg* ends Nov 20-23 when the "Santa" rally starts

Zm reports nov 22. Could be a heck of a kickoff!
And i like the idea of playing vxx puts until then

FJ43 said:

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I'm not a Robinhood'er but in case there are some on here who are.

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Isn't that their entire business model?

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Large Hardon Collider Spermion Production

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$METX should clear 0.80

$30,000 Millionaire said:

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$METX should clear 0.80

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$METX Meten Holding Group Prices $20 Million Registered Direct Offering of Ordinary Shares Priced At-the-Market Under Nasdaq Rules https://t.co/xdWxBe1RDA

— Nathan Michaud (@InvestorsLive) November 10, 2021

$30,000 Millionaire said:

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$METX should clear 0.80

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Anddddd......offering

Wednesday Macros

Treasuries are backing off after trying to break 1.43 in 10 years in the last 24 hours and long bonds through 1.79... They made it briefly but real rates have gotten to absurd levels... Overnight Chinese Factory Gate Numbers, or otherwise known as PPI, soared 13.5%... Even Merkel council of economic advisors was out saying they expect Inflation to be above 3%, and it is time for the ECB has to come up with an exit strategy for normalizing monetary policy given inflation.... Meanwhile Janet Yellen ,in an NPR interview ,said that inflation is transitory and will reverse... But she is now saying at the end of 2022... That is not our definition of transitory, nonetheless we expect inflation to continue higher for longer and CBs need to adjust to the soaring negative real rates... The talk that Brainard was interviewing for the Chair , along with the Vice Chair positions, was one of the catalysts of the rally in bonds yesterday... Reality is that after looking at her voting record over the last 7 years, it is not much different than Powell's... While she is the "Elizabeth Warren" candidate, we don't see that she will be much different than Powell in a soaring inflation environment...Meanwhile the markets on Monday had two rate increases priced in for 2022, after yesterday just one... We still see two and would not be surprised by 3...

THE BOND MARKET IS CLOSED TOMORROW FOR VETERANS DAY...expect some end of day liquidity heroics as the long bond gets priced at 1 PM today... 10 year's auction yesterday was not great...we expect the long bond to struggle today as the rationale to buy long bonds when 30 year tips is the most negative ever, just seems foolish... Overnight bonds were highest and equities lowest around midnight... 10 years sold off to 1.49 (new 10 year) while the S+P rallied 20 points off its low... Now both in the middle of those ranges... The good news overnight is that Chinese officials are doing two things to help prevent the contagion of the real estate market.. First they are pushing companies to curtail issuing in dollar bonds and encouraging yuan issuance... Translation meaning that government officials will buy the yuan debt... And more importantly those same government officials will be buying equity interests in these distressed real estate companies to stabilize them...Chinese junk soared about 3%, from their record high yields of 25%... It is a start.

Inflation... Trying not to repeat what we have already said in previous commentaries... Today we have CPI, which is expected to rise to 5.9% YOY... That is very high versus 1.47 10 years... We read the latest Zumper report... Since March 2020, the median 1 bedroom is up 11.8%, while 2 bedrooms are up 14.3%. German harmonized inflation was up 4.6%

Credit... Demand remains strong but we saw some cracks in the armor yesterday as one issuer had to offer 25 basis over where their outstanding debt was being priced.... 6 borrowers priced 5.5 billion bringing the week to 17 billion with two days left. Junk reached a record yearly issuance of 432 billion... But spreads are wider. Junk spreads rose 6 basis to 282, or 4.05 yield, while CCC spreads rose 8 basis to 525, or 6.41%...not the beginning of the end, but worth watching.

We will be writing our normal commentary tomorrow, maybe a tad later... Global bonds will be open and Bond futures will still be trading... Equities will be open normally.. But as we have been saying , we are in unusual times with massive bond volatility and lack of decent liquidity... With the bond holiday on a Thursday we expect many to take a long weekend... So with the long bond auction at the end of the day, we could see some large movements of stopped out longs or shorts... We see 10 year support at 1.52 and 1.60... Resistance at 1.43 and 1.38... For long bonds, it would take a lot to bring us through 1.78, with 1.92 support...

Out of METX for now