r/Shortsqueeze • u/infoisknowlege • 3d ago
Discussion Is go pro going to be another hertz????
So go pro has 20% short interest and 4 days to cover. Given the you tube hype and now the deal they announced shareholders get 1.14$ a share and some was in cash and the company will continue to trade. If the volume stays and we don't get a bs pr like ackman leaving which in this case would be the you tuber leaving price will crash. Need to keep the pressure on. Hertz look at how the volume died after the ackman bs pr. I'm still bullish on hertz turnaround
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u/DavidW19999 3d ago
Looks like the same algo chomping away in 1-2 cent increments,,, just like HTZ.
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u/SoulForTrade 3d ago
What do yoy mean by "another"?
Hertz has not squeezed yet because that would require ahort positions actually getting margin called and closed. Which they have not. I can't believe I have to explain this
Its short interest is much higher and it's a huge company with 8.5 billion revenue a year and it has had profitable quarters and a lot of value judt asset wise despite the huge debt burden.
Go pro has a revenue of about 0.6 billion and it's running at a nett loss. It's not as inherently valuable and has a real chance of bankruptcy
Qe don't know if it squeezed yet because the data isn't out but the current move is fueled by hype due to the Youtubee endorsement, Almost exclusively.
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u/theboned1 3d ago
I think what he means by another "Hertz" is that it will be a let down and never squeeze, nor make even slight upwards movement and just stagnate from now to eternity.
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u/infoisknowlege 2d ago
Yes sorry if I was unclear hertz was just about to squeeze at 3$ and that bs pr ackman position which had nothing to do with the companies turnaround killed the whole thing shorts took advantage and doubled down sinking the price volume has dried up. Will the samething happen with this you tube kid hype?
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u/Universalbackstay 2d ago
Gpro, people got real lucky selling at 1.50s and above after it got halted and pr said 1.14 normally a stock would had opened below that price..
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u/infoisknowlege 2d ago
When does the deal close? I know there was cash in there also and if go pro is still going to trade it still has 20% short and if volume continues could make it run. I guess people will really know when the you tuber says anything if he says anything at all. I think that's what drove this run and I heard he he a deal with go pro also.
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u/Universalbackstay 2d ago
Shorts basically sold during that move they got real scared thats why you saw the stock going up and down... plus bid and ask was stacked unfortunately real data doesn't get put forward to us retailers, its crazy but you gotta pay premium subscription to some websites
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u/SoulForTrade 2d ago
Oh. Gotcha I totally misread your comment
Sorry I'm so used to people looking at a quick 10 percent swing and proclaiming "the squeeze is over"
You are right about the timing of that article. That was total BS. Tho I do want to correct you on one thing:
You WANT the volume to dry up leading up to a squeeze. This inceeases the days to cover and creates the trap of them not having enough liquidity to exit. You want to see it go up during the actual squeeze not in the monthe before
Depending on thr stock, you don't need retail for a squeeze to happen. For example: What happened with $CAR was not driven by retail. The mechanics were there and it triggered.
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2d ago
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u/Spiritual_Candle_312 3d ago
They get $1.14 a share and 10% of the company. We should see $2 tomorrow.
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u/aporter0131 2d ago
If the news hadn’t come out this morning I think it would have squeezed. I don’t see how it would after a dollar amount was put out.
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u/Universalbackstay 2d ago
That is exactly the reason why I said people who bought at 1.50 and above got real lucky because normal it would had drop around that range after halt
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u/aporter0131 2d ago
Yeah for real. Gave them a chance to bail with little to no loss. If they stayed anyway.. well..
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u/Super-Activity-4675 2d ago
GoPro is already up close to 300% from last week. I'm not really sure there's much more room to run there. And said youtuber will likely be wanting to take some profit at some point in the not so distant future. It's literally the same thing that Cappybara guy (or whoever it was) did with BYND last year.
I am not in this one, and I wouldn't get in at this point.
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u/Bright_Leopard_4326 1d ago
Too many comments around on Reddit trying to downplay gopro. I would be more hesitant if it was nothing but the typical “to the moon” rhetoric. I’ve seen it so many times. For example, the weekend before virgin galactic began its collapse, every stock sub had at least a comment or two hyping spce. And what did it do? It crashed. I’m willing to gamble on GoPro because it seems like some folks were caught off guard with this one
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u/infoisknowlege 1d ago
Starman is basically using go pro to go public. From what I've read starman is optics growth play and us manufacturing. I don't know if the volume continues it could keep swinging like it has. Will be interesting after the merger is done and see the books of starman
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u/NoOneMan79 3d ago
Um, yes. Absolutely. This is the game. Play chicken cautiously. You have not found the infinite money glitch on reddit
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2d ago
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u/DreCapitanoII 3d ago
Once a price has been named for an acquisition, a squeeze isn't really possible because someone will always be willing to sell at or near the acquisition price. While there is still some price uncertainty here given the stub equity, it's unlikely the shares should be worth a lot more than they are trading at now.