No qualifying author-owned investment thesis was confirmed in this post.
The author provides a technical price-level thesis for a squeeze, but the rationale relies on market sentiment and price action rather than fundamental business catalysts.
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TLDR: Great day today, but don’t let green make you emotional and don’t let red make you panic. We’re still early.
Bullish day for LFVN today. Up 11.9% is no joke.
That being said, we've already seen how fast this stock can move in both directions. Just 2 trading days ago it dropped 15%+ in a single session and people were posting things like "LFVN run over?" and "this was never a squeeze" and “this stock will create bag holders.”
Nothing fundamentally changed then, and I don't think today's green changes everything either.
I have calls so trust me, I enjoy days like this. But from a non emotional standpoint, we're still early in the month and there's a lot of trading left before this story plays out.
Personally, I think LFVN needs to reclaim and hold above $11 before I start feeling confident that a real squeeze is underway, and if people are serious about going above $20, then eventually we're going to need to hold above $15. That's where conviction matters.
We CANNOT just dump after every spike. If we can't hold key levels, pressure on the shorts fades and the stock can end up right back where it started. I’m sure no LFVN bull would want that.
Enjoy the green day. Just DONT panic on the next red one.
Still holding!!!