CLOV - The party is over
Investors jumped the gun based on faulty short interest numbers from S3, anticipating a short squeeze. The recent rises in price were not due to a squeeze, simply impulsive investors still chasing the dragon after GamesStop. Trading volume has completely slashed following S3 admitting their mistake and publishing corrected numbers. With the thesis for the CLOV squeeze broken, look for this stock to complete H&S as investors inevitably dump the share price once boredom and fear of loss sets in back to the 7.75 range.
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