Huge short squeeze potential stock: IRNT, can it hit $50 tomorrow?
One de-SPAC (special purpose acquisition company) stock that has seen incredible price action this year is IronNet( $LGL Systems Acquisition Corp(IRNT)$ ). Indeed, from a $10 SPAC initial public offering (IPO) level, IRNT stock surged to $46.50 in September, as investors looked to squeeze the shorts.
What Is Going on With Red-Hot IronNet Today?
The fact is, today, IronNet announced the company was nominated to join Microsoft’s($Microsoft(MSFT)$ ) Intelligent Security Association (MISA). By joining this association, IronNet hopes to deliver improved solutions to its clientele.
The company focuses on preventing ransomware attacks. Indeed, given what we’ve seen this year with the Colonial Pipeline hack, and other high-profile ransomware activities, this company’s services are in higher demand than ever.
Look at $IRNT trending on WSB. Maybe 100%+ at open ?This stock will go crazy tomorrow.
I do believe it will hit 40-50, for now, it's just a beginning.
Does anyone have different opinions? 😎😎😎
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