Since December 28th, VERB's SP has gone up 80% in
Post# of 32635
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Posted On: 01/10/2023 4:42:58 PM
Since December 28th, VERB's SP has gone up 80% in 8 trading days. That's 10% per day on average. Today's closing SP = $0.1971. It was about 2 months ago the last time we were up at this level. Assuming VERB continues the 10% average daily SP increase (assuming no PR comes out that would cause FOMO and a short squeeze), it would only take about 18 trading days to reach about $1.10. That would put it at the beginning of February (less than a month away). Nice Valentine's present for us shareholders.
https://www.nasdaq.com/market-activity/stocks...historical
The SP may go up or down on any given day, but the trend has obviously shown it to be going up quite a bit over the last week or so. The 2 largest jumps in SP were at the end of last year when the downward pressure of selling seemed to stop (for tax reasons perhaps?). I still don't think the majority of shorts have started to cover since the trading volume has been fairly level. The longer they hold off, the more painful the sting will be for them to have to buy back at much higher prices. I bet a lot of them thought that the share price would have been going down by now.
https://www.nasdaq.com/market-activity/stocks...historical
The SP may go up or down on any given day, but the trend has obviously shown it to be going up quite a bit over the last week or so. The 2 largest jumps in SP were at the end of last year when the downward pressure of selling seemed to stop (for tax reasons perhaps?). I still don't think the majority of shorts have started to cover since the trading volume has been fairly level. The longer they hold off, the more painful the sting will be for them to have to buy back at much higher prices. I bet a lot of them thought that the share price would have been going down by now.
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