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Most of the miners have issued shares to buy more miners, increase capacity, and invest in their growth. ANY is doing exactly that. This is good for their long term growth. Bought more in premarket to average down.
I just did
More and more hedgies will be covering their positions as SEC crackdown looms on horizon. Combined with bullish technicals, it is looking good for AMC. Bought in big this morning on the dip.
Chart is looking good
The chart is setting up for near term run past .1749 IMO.
Higher this goes, FOMO crowd will start piling in propelling the stock higher. Take us to dollar land Dennis!!!
They have been using the funds towards good use to acquire strategic acquisitions. Great opportunity to be adding at these levels. Before we break previous high.
Few Reasons Why We Are Headed Higher
1. Both BTC and BTBT broke through 200 DMA (which acted as resistance)
2. Broke through intraday high and closed near high of the day
3. Higher volume reversal compared to the last 5 days of red on low volume
4. BTC and BTBT technicals are bullish
8 Straights Days Red. Tomorrow, will be green.
Today is 8th day in a row this stock has been red. Way oversold and way overshorted.
I'm expecting reversal either today or at the latest tomorrow.
I have yet to see a stock red consecutively more then 9 days in a row.
Just bought 11.8K shares
BTC Back Above $46K. Let's Go!
Yup
BTBT should close green today
Bought a bunch this morning on the dip
Another $50M stock offering
It was only few weeks ago when they announced $50M stock offering and they are now offering another $50M worth of stock they will be selling into open market. Look what it did to the stock price on July 22nd with last offering. Stock went from .1292 to .0721. Expect to see downward pressure on the price again.
Bought some in the premarket dip
Congrats Chartmaster
You did great this year.
What stocks did you get into and were you short term or long term holder of those stocks?
I hope you guys didn't get shaken out. We should make a slow climb back up towards today's high.
.04 About to be Broken
.0345 broken
Broke 3 Should be in 4s today
One thing nobody is talking about is SBC's number one focus with NSAV.
As a investment banking firm, number one goal for SBC is to make money.
Their return on investment hinges on the stock price. They will do everything they can to attract investors and improve share holder confidence. That means they will ensure crypto exchange is fully operational with regulatory hurdles removed and be laser focused on how else to bring shareholder value. Their goal is to be the second main crypto exchange platform in addition to Coinbase. SBC brought in the executive with crypto currency experience. Give them little time.
Buy now at a discount. Once the exchange is fully operational, you will NEVER be able to buy in at this price.
Past two days have been irrational selling. Way overdone. Over 82% drop in 6 days. Two days of >50% drop. Three consecutive days red. Expecting a nice bounce after brief opening bell dip tomorrow. Get ready to buy.
I bought a bunch through Fidelity today
Nope. I'm buying when the stock is being shredded. Irrational selling.
Backing up the truck.
Indeed
Agreed. People who buy now to start a position or to average down, should do well tomorrow.
If we close close to the high of the day, we should see a bounce tomorrow.
High of the day which is .0345 (as I type this). If bitcoin price is up, it will help with the bounce.
Over Reaction and Over Sold. Bought Couple of Million Shares.
Be greedy when everyone is fearful.
-Warren Buffet
Why the huge drops in the last two days???
Why such a big selloff???
Added some in pre-market
AMC and GME 2.0
Any pause or pullback is a buying opportunity.
BTC will run soon enough. This is the calm before the rush.
Why the selloff afterhours???
Thinking about buying some but just curious on what basis?
Expecting oversold bounce later today
I see DiDi Co-listing in China with the listing in US in tact.
As cited by Seeking Alpha author.
I see 50 to 100% upside near term.