This is a good theory, I like it. Another thing I'd consider is that as this thing continually ticks up each day, it becomes less and less likely that it will continue to close up again based on the historical data. This thing hasn't had many recent weeks where it closed up every single day for 5 days straight, so I would understand more shorts getting into the market. The data works in their favor and momentum up only lasts for so long before it levels out. FITX has a history of volatility, so some shorts figure things will eventually head back towards lower resistance levels in due time. However, if it gets enough momentum, our likelihood of some sort of squeeze increases. You still have to like that even though pps is spiking that the actual volume on shorts is still the lowest its been since the 9th of the month, outside of yesterday.
There might be significant shorting % as a result of a spike (it would be a technical go) instead of someone pumping so they can short. Who really knows with this thing though, it's all just enjoyable speculation for me, I'm glad I don't have to make some of the real tough decisions for this company like Bill and John G. It's really a tough battle, but it's worth fighting.
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