$CLF will be the next $WISH, $CLOV, $CLNE. Call volume and underlying price action is forming the similar ramps to how those stocks began. If you got in at this stage for those stocks, you would have 20x+ your money in literally a few days.
(My APE positions that are already free money)
https://preview.redd.it/sqo0min499471.png?width=1562&format=png&auto=webp&s=be8efc1ae04809fb0585f8d527b99baf254931da
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A combination of high short interest, low float, increasing call volume and volatility expansion (leading to IV expansion) will force Market Makers to delta and gamma hedge and shorts to capitulate themselves into a death spiral.
All signals are GO. It's a fucknado powder keg about to explode.
What will happen next? If you look at the 1min chart, $CLF is primed to break the $21.50 price resistance 6-year-high, and afterwards there will be no reason for anyone holding any $CLF for the past 6 years to sell. This is the same story as $WISH:
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https://preview.redd.it/gn6p9zg1f9471.png?width=1604&format=png&auto=webp&s=93945ebc09138c4c046412f329a4297fd2bbd690
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https://preview.redd.it/nruq8ds7f9471.png?width=2388&format=png&auto=webp&s=4f588e4cb12c35164abf06202eaabeafe92e4f8f
The IV expansion of all existing strikes will cause MMs to overhedge, making the options market weigh more on the underlying market, and as strikes become in the money the price action becomes a self-perpetuating feedback loop. In fact, Market Makers tend to LEAVE after meme-ification of a stock, decreasing the float even more, destabilizing price resistance while demand skyrockets.
The ultimate reason why this is a great fundamental play? It's not even a shitty MEME company. It has great fundamentals and is one of the greatest beneficiaries of our inflationary environment-- the steel shortage is a powerful macro trend that's increasing the cash flows and fundamental value of the company, and the leadership is one that will use this macro trend to reinvest, balance their balance sheets, and prime themselves to increase their dominance in the iron/steel industries.
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Not financially advising anyone that the price target is $35+
FOMO on the WSB rallies of June? Now's your chance.