$PARTI and $CHIP are having a pretty good day. Can't say the same for everyone shorting them.

What's interesting is how many traders are still holding their shorts despite the rally.

CHIP looks especially painful. Almost nobody on the short side is making money, yet they're still hanging around.

I think both could squeeze higher, but CHIP looks like the better candidate.

Would I buy now? Probably not. I'm not interested in becoming someone's exit liquidity.