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Sphere's Operating Leverage Inflection: Size for the Squeeze, Not the Story
Thesis: Momentum/squeeze play (1-3mo), not fundamental hold. Stock gapped 22% on operating leverage validation but 34% short interest with 10 days to cover creates technical continuation. Size small (2-3%) for squeeze mechanics, exit on momentum break. The Trade: - Entry: $115.72 (current, post-gap)