Last weak Tuesday GEO was shorted, 8/22, then bounced back up on Thursday 8/25 the day before the need to cover positions, Friday. What appears to be happening is shorts opening new shorts early into the weak on Tuesday and then covering their old shorts on Thursday which results in the price raise. The issue with that is the fact that we are closing at higher price levels, and especially, where I place an arrow, we are going into Friday with way more momentum (as you can see from the MACD indicator) which tells me shorts are losing control on holding this stock down.
There are more shares shorted than in free float. That indicates a squeeze. Days to cover increased from 9 to 9.5 which also indicates that shorts have only exposed themselves even more than actually covering and eating the small loss, now they will eat a HUGE loss for being greedy and stubborn. Institutional shorts are the dumbest beings I have ever seen.
According to Barrons.com, on 8/15, which would underestimate the short exposure being these shorts have no brain and think shorting more will fix their problem.
Short Interest 18.6M (08/15/22)
Percent of Float 15.82%
Shares Outstanding 124.09Million
Float 116.51M
124.04-116.51 = 7.53 Million shares at a minimum created for the purpose solely created to dilute share prices.
If the short interest is 15.82% of the float, this means 18.431882 Million (Barrons 18.6M) shares are shorted and these positions need to be covered.
If shorts were to cover their entire position, they couldn't without a MAJOR spike in price levels, as even if they chose to cover, not only would price levels increase due to demand, but also SUPPLY of shares would be reduced, those 7.53 million extra shares would be gone, individually making every share that much more "rare" and additionally due to current price levels, a huge influx of forced buying will occur at these high prices. Minimum price target 16-18
THIS IS A FUNDAMENTAL PLAY. INTEREST RATES HAVE GONE UP. GEO GROUP HAS RESTRUCTURED ITS DEBT, CHEAP DEBT FROM PREVIOUS LOW-INTEREST RATE YEARS, AND SPREAD IT OUT OVER THE LONG RUN TO BETTER MATCH ITS NET INCOME CASH FLOW. IT IS BECOMING INCREASINGLY MORE EXPENSIVE TO SHORT (borrow naked) DUE TO THE INTEREST RATE SPIKE AND WE ARE IN FOR A SQUEEEEEEEZE. THIS COMPANY HOLDS PUBLIC CONTRACTS FROM THE GOV FOR HANDLING HIGH-LEVEL SECURITY FACILITIES, UNLIKE AMC WHICH HAS ACTUAL FUNDAMENTAL LONG-TERM VALUE, I WAS IN AMC AT 3$ AND SOLD AT 22 BECAUSE COME ON ITS A MOVIE THEATER COMPANY WITH ZERO FUNDAMENTALS, I JUST IMAGINE WHAT THIS COULD DO HONESTLY.
There are more shares shorted than in free float. That indicates a squeeze. Days to cover increased from 9 to 9.5 which also indicates that shorts have only exposed themselves even more than actually covering and eating the small loss, now they will eat a HUGE loss for being greedy and stubborn. Institutional shorts are the dumbest beings I have ever seen.
According to Barrons.com, on 8/15, which would underestimate the short exposure being these shorts have no brain and think shorting more will fix their problem.
Short Interest 18.6M (08/15/22)
Percent of Float 15.82%
Shares Outstanding 124.09Million
Float 116.51M
124.04-116.51 = 7.53 Million shares at a minimum created for the purpose solely created to dilute share prices.
If the short interest is 15.82% of the float, this means 18.431882 Million (Barrons 18.6M) shares are shorted and these positions need to be covered.
If shorts were to cover their entire position, they couldn't without a MAJOR spike in price levels, as even if they chose to cover, not only would price levels increase due to demand, but also SUPPLY of shares would be reduced, those 7.53 million extra shares would be gone, individually making every share that much more "rare" and additionally due to current price levels, a huge influx of forced buying will occur at these high prices. Minimum price target 16-18
THIS IS A FUNDAMENTAL PLAY. INTEREST RATES HAVE GONE UP. GEO GROUP HAS RESTRUCTURED ITS DEBT, CHEAP DEBT FROM PREVIOUS LOW-INTEREST RATE YEARS, AND SPREAD IT OUT OVER THE LONG RUN TO BETTER MATCH ITS NET INCOME CASH FLOW. IT IS BECOMING INCREASINGLY MORE EXPENSIVE TO SHORT (borrow naked) DUE TO THE INTEREST RATE SPIKE AND WE ARE IN FOR A SQUEEEEEEEZE. THIS COMPANY HOLDS PUBLIC CONTRACTS FROM THE GOV FOR HANDLING HIGH-LEVEL SECURITY FACILITIES, UNLIKE AMC WHICH HAS ACTUAL FUNDAMENTAL LONG-TERM VALUE, I WAS IN AMC AT 3$ AND SOLD AT 22 BECAUSE COME ON ITS A MOVIE THEATER COMPANY WITH ZERO FUNDAMENTALS, I JUST IMAGINE WHAT THIS COULD DO HONESTLY.
Comment:
Hey I just noticed, I MEANT TO SAY LONG NOT SHORT LOL