$Vinco Ventures, Inc.(BBIG)$On Monday the SEC will receive the definitive proxy, that means MMs and Whales will know every little detail 2 days before us. If the $ 4/5M estimate is confirmed or exceeded many Whales will want to invest / increase here, consequently the pressure on the BID side will be unbearable for MMs, and champagne for everyone! THEY CAN'T AFFORD IT.
From yesterday they started a dignified retreat to prevent / limit short squeeze. Their goal today is to reduce damage: they can compare their losses coming from $ 8.00 and/or $ 7.50 options ITM with the estimated losses from additional shorted share to avoid paying the premiums. Today MMs have tried to put the market to sleep by tapping into the dark pools, it wasn't enough so they are drawing from their ammos: short shares available are decreased from 1.2M to 550k.
So, if they finish their ammos and the price is still above $8.00, what will you do? HODL AND MAKETHEM PAY
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- hbishb·2021-09-18hope for the best!LikeReport