$Marathon Digital Holdings Inc(MARA)$
It looks to me like we are set up for a short squeeze.
Front runners showed up for the S&P 600 listing and drove the price up.
Upon listing, the play, as I have said before, is to short the stock and that happened.
The problem for shorts, is that they need the SP to go down for some reason other than their short position. Typically, that reason would be bad news, or maybe just the fact that the SP is going down, without any good news. MARA had good news. According to the TTM EPS, MARA should be trading at $42 with a 20 multiple, $21 with a 10 multiple, yet MARA is trading with an 8 multiple.
So, nobody wants to sell a stock that is so undervalued, when the entire thesis for investing in miners is that BTC will go parabolic. Why would anyone sell a mining stock this low? Traders are buying, shorts are buying, longs are buying, so who is selling?
If a big investor comes along and buys up this discount, there should be a squeeze, precisely, because no one is selling.
Remember, every share you buy is a share some hapless short won't get.
Good luck.
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