$CLOV: Tied with AMC & GME for Short Squeeze Score! - YouTube

Hey, you lucky people my name is Sean, and  this is Sean's Stocks. Before we get started  

I just want to say that I’m not a financial  advisor. So please use your own judgment,  

and do your own due diligence on anything  that I talk about today. Today we're going to  

again continue talking about the underdog, the  lucky stock, the one and only $CLOV, c-l-o-v.  

This is going to be my ninth video that I made on  $CLOV. If you want to binge watch those, there is  

a link in the description below to a playlist. If  you appreciate my following on $CLOV and want to  

get this video out to more people, help spread the  word about close momentum, please like this video  

share with a friend or community and subscribe.  I really want to get to 500 subscribers soon,  

and the more likes, comments, and subscribes,  the more the YouTube algorithm is likely to say  

hey I will push this video out to more people  and get this $CLOV momentum going. So with that  

being said let's get started with the news on the  stock for the day. The first one is that clove was  

moved off the Russell 3000. I wanted to give this  update as I mentioned that it is a good catalyst  

in a previous video, and want to make sure that  I’m giving good information to my subscribers.  

I actually was surprised when it initially was  added, and kind of surprised in a way that it was  

removed. The reason why it was removed was because  in order to be considered for index inclusion,  

companies assigned a developed market nationality  are required to have a greater than five percent  

of the company's voting rights in the hands  of unrestricted free float shareholders as  

defined by FTSE Russell. Since this was not  met, it was removed. And I’ll show you that  

real quick. So looking at their website if  you go down to index resources, hit access.  

Then it's going to bring you to this page.  You hit index announcements right here,  

and then you scroll down to Russell’s U.S. Index  Series Membership Correction. And boom, right  

there that first one $CLOV will be deleted from  the Russell 3000 due to voting rights. There's  

also some additions and deletions and stuff like  that right there as well for other stocks. So I  

also have a direct link to this in the description  below if you want to go to that instead of going  

through the website. So yeah. So that is some news  about Russell 3000. Next we have some good news  

so the Fintel.io founder discussed $CLOV short  squeeze potential. They released a video on it  

and according to the video, Wilton Risenhoover  the founder of Fintel.io, talks about how $CLOV is  

number six for short squeeze score. The short  screen score that they give right now is 97.25  

out of a hundred. It's actually very close to the  other ones. Less than like one percent away or so  

from the other stocks that are above it. He does  give a breakdown of everything on their website  

regarding $CLOV and it's pretty good information.  He did mention that they calculate days to cover  

for the shorts. And on June 10th, it was 0.13  days so there was a lot of volume that day to  

cover with. BUT if the volume decreases  soon, the days to cover will increase.  

So you're saying "why is that important to  know?" Well, this happened with GameStop,  

where the volume was really high and on low days  of cover amount, just like right now with $CLOV.  

Then the volume trailed off and the days to cover  skyrocketed. And then after that we saw a squeeze.  

So it's definitely a good video to watch and  I have it in the description below. So we're  

going to next go to twitter. So on twitter we have  our great person Ihor, right. He is the Managing  

Director of Predictive Analytics at S3 partners  LLC Financial and Analytics firm. And right here  

you can see one of his tweets says "the squeeze  score for AMC, GME, and CLOV is at a hundred out  

of a hundred" and they recently changed the  metric. And that was at 5:38 p.m. on June 10,  

2021. So that is really good news and we are  still cooking here. This is going to be great!  

So for the last update. The last news that  I have for the day is that for the last  

two days the Short Sale Restriction (SSR) has  been triggered as the stock went down at least 10%  

during the day. This means that they cannot short  during the downtick. However, shorts can always  

short on the way up, so please keep that in  mind. Now we're going to look at the stock  

for the last two days. As we can see here, we're  kind of in the pre-market on Friday June 11th,  

so we're going to scroll back a little bit and  check out. Let's see here. Yeah we're going to  

check out Wednesday. So on Wednesday, as we  all know, the stock went all the way up to  

$28.85 at the high. That was freaking crazy.  So as um as the day progressed we saw huge red  

candles going down and down and down and  down and then right around 12 o'clock we  

saw a little bit of an uptick there. However as  the day progressed we take a look at the VWAP.  

We were underneath the VWAP the entire time. So  we do know that it was a bearish day. Okay. And  

so after that uptick in the afternoon around 12PM  to like 1PM, we did see a continuous going down.  

The candlesticks were not as high at the beginning  of the day in the afternoon though. So that is  

some good news in a way. And as it went down, it  ended off the day at. Let's see here. Right around  

$16.32. Excuse me. It's around $16.88 somewhere  around there okay. And so as we saw in  

the aftermarket and in the after-hours and in  the pre-market we did see. We did see actually  

the stock pull back up. Right. And so we are  going down to Thursday and on Thursday we went  

from on... You know Wednesday we had $16.88 /  $16.85 somewhere around there and on Thursday  

we started off the day at $18.10. So actually  it's kind of an interesting play, because we go  

up in the after-hours and the pre-market there.  And on Thursday we did see again those large  

candlesticks. And we did see a bearish day because  it was under the VWAP. We saw one, two, three,  

four, big red candlesticks. And then kind of  like the previous day, we had a little bit of an  

uptick and then we saw a trail off down here.  Okay. The lowest point of the day was at $13.91.  

At the tail end of the day, we did see it, in  my opinion, consolidate a little bit around the  

$13/$14 price point. And it did end off the day  right around $14.39. Again the interesting part  

is in the after-hours and in the pre-market right  now we do see this stock increasing. Right. So  

again that is a fun play if you're interested  in doing that as a day trader or whatnot.  

So a lot of, a lot of momentum, a lot of downturn  with the stock. Going on right now we did see  

a pretty big high there. And you're kind of  wondering, you know, "is the volume increasing?"  

"Is it decreasing?" And "how is that going to  affect it?" As we noted by the videos today, from  

Fintel.io. Low volume in this situation could  be a good idea. Right. If the volume decreases,  

then the days to cover increase. And that's what  caused GameStop to actually have that squeeze. So  

maybe we'll continue to see volume decreasing as  it tries to find that price point, that you know  

balances itself out. Right. Where there's not a  lot of movement and it just smooths out. It trails  

off. So we will see what Friday has in store  for us. As with other stocks that have squeezed,  

patience is key as momentum needs to build. We are  still on the uptrend and bullish for the entire  

week though so keep that in mind. But we did see  a huge spike there on Tuesday and it did fall back  

since then. The question is where is it going  to level off at? Where is it going to level off  

at? Or is it going to continue going down? That is  going to be... that's going to be what we're going  

to see today on Friday. And so let's check it out  let's see what happens for the day. And again,  

check out my other videos in the  playlist on $CLOV in the description.  

And if you like this content and want me  to continue following $CLOV this closely,  

hit the like button, subscribe, and have a great  trading day you lucky people. Take care. Bye.