Aterian is a stock we’ve had a ton of fun playing in The Rock Trading telegram room.
It’s heavily shorted so if you swing shares on a decent pullback it almost always shoots right back up.
The stock has been marked by ORTEX several times in recent days as a short squeeze threat.
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Their short interest has not changed much, with shorts doubling down on their bets against the stock.
This has left many Aterian shareholders looking for a catalyst.
Is it finally here, just mere hours away?
As of 2:30 pm this afternoon, the market appears to be undergoing what I like to call a no news rally.
A no news rally is pretty self-explanatory. Yet here we are, squeezing upwards in dramatic fashion.
It seems those in the know, are ahead of us retail idiots again. Amazon and Apple will smoke earnings and we will be left in the dust saying, “how did we miss that?”
JAY – OPINION: THE MARKET BOTTOM IS IN
So I think now is the time to buy. If this is the case, I believe it would spill over and mean great things for a stock with high short interest like $ATER. Could a general market turnaround be the catalyst we need to power this short squeeze eligible stock to the moon?
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