MNDY's high short interest provides a bullish technical edge due to potential covering demand.
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do you ever break ties with something like that? like that short float that it still has, is that something that gets you a little bit more excited in a MADNA over whatever perfect chart setup or similar chart setups, I should say, two identical chart setups. Is that a tiebreaker for you?
Yeah, absolutely. I mean, short interest is a technical indication. It's got nothing to do with fundamentals of the stock. It's about supply and demand. And here's a future source of demand.
What it's going to take for them to cover is either higher prices or maybe they squash the stock somehow. I really think the semiconductors are about to fall apart, and I really don't know how to position myself.
The options are so damn expensive that I wanted to buy puts." And I've been basically day trading the semi on the short side. um and and trying to hold some for a little bit longer.
here on Madna. Now, the average daily volume has gone up tremendously the last uh you know, two weeks. Right now, the 20-day average is 31 million shares. Uh I don't know the number of shares, but I know that they're, you know, the other thing is they're they're just you they're out out, you know, 100% or or more, right, at this point.
They're so they're so out of the money it's and it's getting worse and worse. And good luck to anybody that um is is brave enough to actually short the stock and more than a day trade that you're in for a couple of minutes or second.
What this channel has said about $MNDY
Brian Shannon has only this one call on this stock.