Does the retail short squeeze narrative still hold water in this market?
Seeing some of the chatter around $HKD's recent moves, up to 1.77 today. It makes me wonder if the whole "retail short squeeze" playbook is really as potent as it once was. We've seen a few of these in the past, and while they can be explosive, the follow-through often seems to evaporate. It feels like the market has adapted, or maybe the capital isn't as concentrated.
Then you look at something like $CSPR just sitting there at 6.78, no real momentum, even with a decent daily range. Are we past the point where a high short interest alone is enough to ignite a rally? Interested to hear if anyone thinks otherwise.
The retail short squeeze narrative probably still holds water, but the pool is much smaller now. Volume and follow-through seem to be the missing ingredients.