A Gigantic Short Squeeze driving the stock to an unprecedented levels, this Meme driven mania making some Fools Rich and Smart Guys pauper!

There is a bit drama you can add to justify the price, Support is merging with a bit player in Bitcoin mining.

"the largest short squeeze mankind has ever seen!"

"Grab coffee, Red Bull, whatever, and strap in, because we're not heading for the moon anymore, we're heading for Alpha Centauri!" the person wrote. The squeeze comes as other hot stocks favored by retail traders have enjoyed another strong run this week.

The company is going through a merger that could explain some of its gains. In March, Support.com announced that it would merge with Greenidge Generation Holdings, a Bitcoin miner that says that it will become the only publicly listed vertically integrated mining operation in the country. Greenidge owns its own power plant and claims to have lower mining costs than competitors, wrote Avi Salzman of Barrons

Short sellers have already lost $71 million in August, and will likely lose quite a bit more on Friday, he added. That's quite a large loss for a company that itself was worth only $30 million a year ago. According to Dusaniwsky of S3 Partners.

Editor, Daily Stock Deals

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