So the big thing here is while I expect a huge run up at the end of today and Monday, there is the possibility that because BBIG is a penny stock there isn't a lot of attention on it-- many short Hedge Funds and Market Makers aren't really following the filings, thusly the main driving force in pushing it up will be two things.
- BBIG SP going up from those who are paying attention closing short positions and/or buying, driving the price up.
- Tyde share audit forcing naked positions to be closed immediately, driving the price up. The hints that these exist with BBIG is the abundance of Short Exempt sales and FTDs that have existed for months and months and months.
- Remaining short positions don't necessarily close until margin called. The timing on that, I'm not really sure. Sometime before or soon after the 27th.
I just want to get that out there for anyone in this with me. Don't panic sell if it doesn't crush on Monday. Monday is a big deal, but so is May 27th, and it's probably going to take a little while to unwind it all even after. My goal is $7 next week, $10 by May 27th, with my ridiculous numbers being on the table going into June - August, as they were with OSTK. That doesn't mean it couldn't be a lot more frontloaded than I think but yeah. It's not really panic time till July.
Hence why most of my calls are in July, and the short term ones are by and large May 27th rather than May 20th.