Research Feed
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)
i3 Verticals: High-Growth SaaS Transition Disguised as a Flat-Revenue Company
$800M gov-tech SaaS company at RSI 25, 30.6% short interest, trading 17x forward P/E while growing organic SaaS 24%+ for four consecutive quarters. Management exhausted a $50M buyback in 6 months and immediately authorized $60M more — buying 14% of the float at the technical trough. Just acquired a