π¦ APES, GATHER ROUND. Let me explain the HTZ 3 wall π
Hertz borrowed $350M from hedge fund suits. The notes convert to shares at $3.58. To "hedge" the suits SHORT the stock. And here's the beautiful part: \\the higher we push, the MORE they have to short.\\ It's automatic. Their risk models do it for them. They literally cannot stop.
In August we DOUBLED from $1.50 to $3 and their algos ate every bit of it. But algos have limits. Apes don't.
THE NUMBERS, REGARDS:
\- \\115 MILLION\\ shares short (33% of float)
\- \\8.5 DAYS\\ to cover
\- Nov 5 earnings = catalyst
You know what happens if $3 breaks? The same algos shorting into the rally start COVERING. The 115M directional shorts get CARRIED OUT. The wall doesn't just break - it becomes FUEL. πππ
ππ HOLD THE LINE AT $3 AND WATCH THE SUITS DO THE MATH
Not financial advice. I just like the stock.