$ATER The descending channel is at its terminus, this is poised for a violent rally upward. The shorts used a LOT of firepower last week, they were trying to get it much lower but no success. 16.19m shares still on loan, not payed back last week because they were SOLD. The shares weren't shorted because they were used to drop the price, still 40.22% short. Smart shorts covered 2.3m on Friday because they know this is rocketing. The others are hoping for a miracle which is not happening. I think this is leveraged short squeeze and will result in many account liquidations. Plus margin requirement goes UP tomorrow. More liquidations.
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