I have no idea, personally I just watch charts, the novice I am, got to learn to trust my gut! Like I said I missed that $9 buyin today, my bad. I really hate averaging up, but maybe this has just begun?
One account I am averaged in at $6.97 the other $7.92 but a much, much larger position! Should have listened sooner. But to YOLO at my age is risky. Paper hands always scare me.
I remember riding GME up to $300+ seeing it drop to $175ish, on one day. I was still in the clear as I was in at $125, but that was scary on 2000 shares. Sold at $225ish, if I had held…..well it’s all history.
Everyone needs their own buy in and exit strategy, and their own pain points. I will never project, or ask anyone to hold, buy, or sell anything. Hell I may be out tomorrow, I may buy more. It’s a personal decision.
DO YOUR OWN DD!
What I can’t figure is the data sets on numbers out there. Institutions maybe 25%? Insiders 64%? SI 70%? That’s like 160%?? What about retail?
The numbers just don’t make any sense to me. Maybe one of you smarter people can figure it out because I am apparently lost. Or just don’t understand the whole Float/AS/OS numbers. Are institutions based on A/S maybe? O/S?
Maybe it’s just bad data, I don’t know?
Latest data I found was Insider Shares 9,282,974 which Shares Outstanding 24,237,876 shares
Institutional Shares 4,193,460
It say insider ownership of the float is 64% I don’t know how accurate that is or what it is based on, or even how that is calculated with the 70% reported short interest.
Lot of questions with no real answers
What the Reddit crowd doesn’t seem to get, this isn’t retail “Paper Hands” IMHO. It’s shorts setting up the scenario that this won’t get higher than $11. Therefore everyone dumps soon as it gets close. Ever time it gets close there are massive options sold, maybe naked, maybe not. I don’t know, I am just a novice.
I just watch the charts, and my novice skills say this is a lot more shorted than believed. Either way I keep adding the dips. Sooner or later something will give. Just don’t know which way.
My personal belief is if this gets past $12 and change, it’s going to explode. Again, I am just a novice, do your own DD.