Great start to this morning guys! Lots of volume moving in. Definitely a lot of eyes on XRX today.
Just wanted to reiterate that we're looking to see some forced short covering between $3.20-$3.50 today. That's the goal we're shooting for. Let's squeeze this thing. Good luck out there everyone! 😃
To those of you who have been following me elsewhere, the mods of r/Pennystocks have removed and banned all of my update posts related to Xerox ($XRX). They are banning any user who mentions the ticker XRX. This is clear suppression, probably to sway discourse in their favor regarding the stock. They are either short sellers themselves or colluding with short sellers. I had 100+ upvotes in 15-20 minutes. The interest of the people was there. Why remove my posts?
These stock subreddits were created with retail in mind. Using your rank as a moderator to sway favor for hedges, short sellers, market makers, etc. is a spit in the face to all the users on this platform. We see where your interests truly lie.
Now they are sitting there saying "spam". How on Earth were any of my previous posts allowed to stay up last week then? I guess you guys shorted it last Friday when the share price was elevated, hoping for it to go down Monday, but when that plan didn't work out for you, you chose to suppress the members of your own community in order to drive the share price down. Absolutely absurd.
Anyway, I will continue to post updates on my profile in the meantime however.
We are still holding strong at $2.60. Stock price is still elevated enough to allow some short positions to cover later in the week. Expected timeframe is still roughly Wed-Thurs of this week for an expected squeeze. I'm still sticking to my guns of $8-$10 p/share. Again, if short interest continues to rise, I will most likely raise my target.
Good luck out there guys, I appreciate your support! :)
Boycott r/Pennystocks! Support r/Pennystock
I'm not trying to be confrontational, but what is the reason you guys took my XRX post down?
I was just trying to give an update to any holders who were still in from the previous week. I'm not trying to stir up any drama. The people seem to have an interest in it. I'm just curious what the reasoning was for it to be removed?
I'm trying to remain cordial about it, just looking for the reason mainly.
Well guys, looks like we had some wild pre-market activity this morning. I'm showing XRX topped around $3.40. Momentum doesn't seem to be slowing down at all. We've taken a slight dip down back into the $2.80's, but the fact that she's holding strong shows me that there are some very committed holders in the mix.
I figured I might as well put my money where my mouth is though. I am doubling down on my XRX position going into this week.
I am still holding strong to my $8-$10 price target. However, I will likely continue to raise my price target as interest continues rising. I will continue to post daily updates as time goes on and I will be active in The Lounge to show support.
This is turning into something we rarely see. Happy to be a part of it with you guys. Good luck out there everyone!
As we move into next week, we should start seeing some positions get covered Monday and possibly in AH this evening.
If any of you guys rode AKAN or ther others, you kind of know what to expect. Retail seems to be united on XRX, which I love to see. It's been a long time since I've seen unity like this! Warms my heart to see everyone come together.
I will post regular updates on my position as well. I rode through some of these before and I'm not going to make the same mistake of selling myself short. These don't come around too often, so I'm going to take this chance and be greedy. I would like to see at minimum $8.00 p/share, but there's a strong chance I increase my target as interest grows over time.
Anyway, I wish you guys luck out there guys! I hope you have a great weekend. I'll be active the rest of the day too, but I'll see you guys Monday :)
Xerox reported quarterly sales of $1.846 billion. This figure beat the analyst consensus estimate of $1.747 billion. It marks a significant increase from the $1.457 billion reported in the same period last year. However, the company posted adjusted quarterly losses of 43 cents per share. This missed the analyst consensus estimate of a 27-cent loss.
Adjusted operating income reached $72 million, up $50 million year-over-year. The adjusted operating margin grew to 3.9%, a 240 basis point increase.
Xerox also strengthened its balance sheet by $450 million through an IP joint venture with TPG Angelo Gordon. By March 31, cash and cash equivalents totaled $585 million.
Management reaffirmed its full-year 2026 guidance. The company expects revenue above $7.5 billion. It targets free cash flow of approximately $250 million.
Some of you guys may have seen my post/comments on AKAN yesterday.
I just want to explain how exactly that stock did what it did today for those who aren't familiar with these kinds of short squeeze setups.
Short interest in AKAN was roughly about 60% of the entire float yesterday morning with about .7 days to cover. Meaning if someone shorted it yesterday morning, they would be forced to cover before the end of day yesterday or pre-market this morning. I knew that as long as the stock price remained elevated going into the close yesterday, that we should see some shorts get forced to cover.
When you short a stock, you are borrowing shares, not dollars. So if you borrow 1,000 shares of AKAN at $25 p/share that morning, you would be forced to buy back those shares at whatever price they currently were, which was $30 at the close yesterday. What happens is when retail drives a stock up, the shorts further add to the upside when they are forced to cover their short position. They are forced to buy an already inflated stock.
Also the other benefit of this is that most short sellers take on huge positions and they are extremely wealthy people or institutions. So if they are forced to cover say 50,000 shares, it essentially forces them to buy or overpay current market value, in order to repay the broker who loaned them the shares. So that's why you see these massive volume spikes out of nowhere...someone was forced to cover their position.
Now in regards to XRX, the short interest is around 25-30% of the float, which is incredibly high. The days to cover however are between 3-7 days. Meaning that in order to squeeze XRX, it would take sustained buying pressure and holding on retail's end in order to see a squeeze come to fruition.
BUT why do I like short squeezes so much? I like them because instead of retail using each other as exit liquidity on all these penny stock plays, we have opportunity to force institutions and whales to be our exit liquidity. It's one of the rare cases where retail can actually win. That's why I love when I see these come to fruition. It gives all us retail guys a chance to win, but it takes us all to do it. Good luck out there guys!
In XRX 4,500 shares at $2.19
I keep thinking it won't go higher but yet it does. Only thing I can think of it shorts having to cover. I'm showing active short interest is 60%+ of the float. The stock doesn't look to be slowing down at all though. Do you guys think there's a genuine chance it squeezes?
I'm just curious if you guys may have a better idea just looking at technicals and what not. I've seen some crazy moves before with ELPW, TGL and SMX. I know no one knows for certain, but is the set up there? Good luck out there guys! :)