do i think this is way high for upstart in the interim? yes. do i think it can go much higher? yes.
Technically it is overbought but no real resistance made up so wouldn’t be shocked for this to continue. short interest is UP to 40% not down from short covering. the more it pushes up the more margin calls should be happen but assuming people keep liquidating position to avoid margin calls.
until short interest begins falling i would assume we drift upwards despite fundamentals. Fundamental picture is getting better but a 300% move is extreme.
Happily holding my last 500 shares but i started with far far more and i’m just on the ride for now. shorts are honestly just screwing themselves by running into a crowded doorway $Upstart Holdings, Inc.(UPST)$
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