Redline has soared 456 percent, since it's filed for bankruptcy, as retail investors seek to replicate hertz magic. So revlon is a play. I am not in whatsoever, but i've been watching it from the bleachers, and this is just crazy. It's up another 31 in pre-market right now.

We have a big gap up to about eight dollars, and this is one of those things that we're at resistance, and actually, after that i would watch nine. Oh, this is easy. You're just watching nine dollars and ten dollars be careful of the gap down to seven. Basically, you're watching seven, eight, nine ten, that's easy, you're watching the whole dollar values, but revlon, something that we've been paying attention to from the bleachers.

I just like was a little late to the play. I wasn't following it just because there's so much other craziness going on, but it is something i want to quickly dive into just so. Everyone knows a little bit more about the story. First of all, short interest: high 76 percent cost to borrow high 530 utilization max out and it is a low float stock.

The only little thing that it's missing the sprinkles on top is it's not on the threshold list, but other than that. This is a powder keg that can explode and that's exactly why it's going up, because people notice that could explode so they start to buy it because they buy it. Other people buy it and then it's putting more pressure on their shorts and that's exactly why it's up 456, since it filed for bankruptcy and it's up over an extra 30 in pre-market as we're talking live in an attempt to replicate the magic of hurts. Retail investors are piling into shares of revlon the cosmetics company voluntarily filed for chapter 11 bankruptcy last week and since then, its stock has skyrocketed 456 percent from its low on june 16th, the stock has seen intense buying pressure from retail investors.

In recent days. Retail investors have indeed ramped up their purchasing into revlon, likely a result of them attempting to buy the dip on the back of the bankruptcy announcement. Retail investors gobbled up about 10 million dollars worth of redland stock. Over the past week, revlon will likely use the bankruptcy process to shed much of its debt burden, reducing its cash interest, expense and allowing it to invest more in its business.

If executed effectively, revlon could emerge from the bankruptcy with a cleaner balance sheet and a better operating profile, improving longer-term business prospects. The real question is: if revlon's equity holders will be left with anything after the bankruptcy proceedings or if they'll be completely wiped out as the company prioritizes paying back debt holders, as usually happens in bankruptcy. For now, retail investors are betting. There might just be some equity value remaining in the company, so this is all just.

It is a wild play. It's a full-on degenerate play if you're in it, i hope you're crushing it. I miss it. I'm like absurdly late to the party - and i was doing a little bit of - i guess historic research on hurts.

If you look at hertz, it didn't really end the best for the equity holders, because when there is bankruptcy, equity holders are going to be the last people who are going to get paid back like there's a whole tier of people who are going to get it Like creditors and the list goes on and on and on and stockholders equity holders aren't going to be the last people, but in the meantime i mean it's tough to argue with some of these absurd gains. We are currently up 583 percent. Now, once again, i have no skin in this particular fight. I just don't really feel like paying with bankruptcy stocks.

It's just not something i'm the most skilled in. I don't feel like going through all the bankruptcy filings and that type of stuff, but anyway in this one, just judging on the scenario of what's currently going on and its similarity to hertz. This is something that you particularly do not want to be greedy on. This could totally rip.

I'm not saying it's not going to rip. I'm just saying this, isn't something that, like you, should like willy-nilly, hold it all the way into bankruptcy and think it's gon na be fine. This is very much an active trade and basically a bunch of retailers putting pressure on the shorts, but this is not something that you're gon na say: hey, i'm gon na buy and like come back in a couple weeks and hope that it's all fine this, if You're in this play, this is something you need to watch meticulously. Yes, you can make a lot of money, probably to the upside and also probably to the downside, but understand this is different than red box.

This is different than amc. Gme bb cost different than that. The one that this is similar to is hurt so, if you're looking how some of this is played out, historically check out the whole saga with hertz to get a better, i guess foundation and grounding for this particular play. Obviously, in terms of vortex, the numbers are there for this to go wild and that's exactly why it's gone wild in a couple days.

It's up almost 600. Yes, the shorts are being squeezed actively. It's just a question of how much they're going to be squeezed now for me. I i wouldn't chase it, and i wouldn't do this, i'm just not.

I don't really play bankruptcy stuff, but i know there's some viewers out there who are in this, and maybe you want to play this bankruptcy stuff and i hope you absolutely crush it.