The Mom Of All Quick Squeezes, or MOASS for brief, is how the upcoming once-in-a-lifetime squeeze of GameStop Corp (NYSE: GME) shorts is being referred. And rightfully so. Every thing surrounding this occasion is historic, and no matter eventual quick squeeze prize eventuates, whether or not shares are promoting at $1,000 or $1 million, it won’t negate the significance of the occasion. It can nonetheless be the MOASS, a blueprint shifting ahead, and a essential counter for imprudent quick positions.
If, or when, the MOASS happens, and the proof of idea is validated, I predict that we are going to instantly see quick squeeze makes an attempt on different closely shorted shares.
Makes an attempt had been made prior to now to squeeze the shorts on different closely shorted shares. However these felt like half-hearted makes an attempt and too early a distraction from the GameStop Squeeze, which had not labored itself to a stable conclusion.
Within the warmth of the February squeeze frenzy, AMC Leisure Holdings Inc (NYSE: AMC), Koss Company (NASDAQ: KOSS), BlackBerry Ltd (NYSE: BB) spiked by 300%, 1,800%, and 240%, respectively, earlier than incurring important drops. The periphery squeezes have all misplaced important curiosity since these heady days at first of the 12 months. 4 months later, nothing has been capable of match the stamina maintained by GameStop squeezers. There has, in fact, been fluctuations within the GME value, however a powerful pool of squeezers has all the time remained, diamond-handed as they are saying.
See additionally: How to Purchase GameStop (GME) Inventory
It will not be too controversial to take a position that if the MOASS involves fruition, cash will instantly start flowing into different closely shorted shares. Veteran and virgin squeezers will need to recreate the success of the MOASS and squeeze extra from quick sellers throughout a spread of different shares.
I might be keeping track of AMC, KOSS, and BB because the potential first responders to the MOASS. However squeezers may also flip their collective curiosity towards Nokia Oyj (NYSE: NOK), Mattress Tub & Past Inc (NASDAQ: BBBY), and Discovery Inc (NASDAQ: DISCA).
However for now, all eyes are on GameStop. The idea should be confirmed over there earlier than curiosity creeps into different closely shorted inventory.
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