Most people know shortstops as the guys standing in between 2nd and 3rd base on the baseball diamond. However, "shortstop" has become a term used for the army of retail investors buying shares in the most heavily shorted companies. When the "shortstop" decides to buy, he doesn't buy alone or with low volume. The "shortstop" buys as much as he possibly can and then tells the entire world what he just did so the army follows. King of the Shortstops is no one other than Keith Gill, more formally known as @DeepFuckingValue or @RoaringKitty on Reddit. The New York Post also called Keith Gill an “amateur investor” even though Gill holds a Series 7 license, a Series 3 license, and a Series 24 license. Which means he’s licensed to trade stocks, bonds, and commodities for clients, and can supervise others who do so. What Gill didn't realize was the lasting impact he would have on the stock market. Now, what is a "Short Squeeze"? A short squeeze occurs when a stock or other asset jumps sharply higher, forcing traders who had bet that its price would fall, to buy it in order to forestall even greater losses. Their scramble to buy only adds to the upward pressure on the stock's price. But what is Short Selling? In short selling, a position is opened by borrowing shares of a stock or other asset that the investor believes will decrease in value. The investor then sells these borrowed shares to buyers willing to pay the market price. Before the borrowed shares must be returned, the trader is betting that the price will continue to decline and they can purchase them at a lower cost. The risk of loss on a short sale is theoretically unlimited since the price of any asset can climb to infinity.
So what did Keith Gill do to "change the stock market"? What he did is show retail investors that if they work together, they can create a short squeeze on any company with a high short interest by buying as many shares as possible until hedge funds and institutions have to cover their shorts. So why am I talking about this now when the GME and AMC pumps are close to an end? I am seeing something similar to GME and AMC happen with CLOV and I don't want anyone missing out. I believe that if the shortstop pushes as hard as they pushed today, we could see CLOV hit $20. Short interest in ex-Chamath Palihapitiya-backed Clover Health Investments Corp. is at 150%. This is very similar to the GME short percentage we saw in December and January. CLOV needs hype to push, lets create the hype... (Use code "CLOV" for 10% off, VALID FOR 3 DAYS)