Avis Squeeze is Officially Over. SRS, Pentwater are out.

Writing this since I don't want to see others get burned. Was one hell of a ride up (sadly I was late to the party) but its clearly now being offloaded by SRS and Pentwater at this level. Yesterdays sloppy action showed a ton of distribution (look at that volume) and soon its going to be retail hands only. And then the institutional shorting begins and with this squeeze in particular, its will be violent due to the positioning being mainly two holders (who will likely be out and potentially be shorting by then) and not as much retail with gains they can play with. PM's love getting both sides of a trade since it makes twice the use of the research done. For all the likely hate by optimistic traders: I understand why you (and all of us) want to see it continue. I love seeing shorts burned (like a lot). I have worked at some of the biggest hedge funds and private equity funds before quitting for a new career and trading on my own.