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Last time it's been at $37.50 was 3/13. Bought back in for a nice climb back up. Institutions own 94% this isn't going to fail with JPM backing it.
This stock's price fluctuations are worse than a 3x etf
Timberrrrrrrrrrrrrrr!!!!!!!!!!!!!!!! $173 next support level
Last decline starting 12/12, it went from $177 to $110
Bounced below $177.87 support @ 12:45
Death cross possible of the 10 ema crossing below the 50 ema soon.
Jan 27'th $177.87 support, if broken today, $173 is next support.
You can stick a fork in this till $140 is hit. GLTA
IMHO of course.
It's below the 10, 50, and 200 ema's. Is that a bull rally to you?
Shorts got this by the nuts
Class action lawsuit from 10/2021 is all I can find....
https://www.zlk.com/press/zev-class-action-learn-about-the-lightning-emotors-lawsuit
Classic pump n' dump on low floater. Increase volume to trigger volume scanners, More buying is stirred up, price doubles, triggers more price-increase scanners, more buying comes in, then next day DUMP YOUR LOAD on open into bagholders sacks.
Institutionals shorting this unmercilessly. Three trades totalling 2.4M total shares bought at 4 pm. @ .20 cent profit a share come to $468k.
This is a 100/200 percenter in next 3 months, buy this now or weep later!!
I did krobar, but sold at 8. Missed 9,10,11 though. Made 1G but could have made 6G total if I held. I didn't think it would recover that fast and was reluctant to hold it overnight. I hate gaps down like the folks at META just experienced, but that cautiousness cost me a big miss.
Nice little RUM short squeeze today for 13% gain. Don't see anything else that would have caused this.
Thx, Thur afternoon and Friday's price action confirmed the end of the short raid.
I did.
Not yet
This is not good pr from Bear Cave:
https://thebearcave.substack.com/p/problems-at-rumble-rum?publication_id=26828&post_id=79542400&isFreemail=false
There are estimations of $400k/oz of gold if the dollar collapsed. Don't know what kind of a Mad Max world, it would be but one wouldn't be broke and pretty well off.
There are estimations of $400k/oz of gold if the dollar collapsed. Don't know what kind of a MadMax world it would be but one wouldn't be brokeand pretty well off.
True but Joe campaigned from his basement that he would end fossil fuel reliance i.e. the destruction of the US. I am expecting a big pop on 11-9 when Dems lose the House and Senate. If not, you can put a fork in it.
Stock is down over 9% right now. Great short! Hope has never been a reliable trading strategy. And hoping this will go up is not working for longs right now. This will take about 4-5 months to create a solid base and move up reliably IMHO
It's the size of the float that has an impact on the % sp moves. The bigger the float, the less it moves i.e. dilution.
https://www.investopedia.com/ask/answers/062315/what-difference-between-shares-outstanding-and-floating-stock.asp
And this announcement by RUM too can't help sp
Rumble: Selling Holders May Sell Up to 333.6M A Shares, 550,000 Warrants From Time to Time....DJ Newswire 10-19-2022
No, not yet Spuds. @ $6ish
Been shorting since $11.80. That makes sense.
Whole market is up and Rum down 4%. Coincidence?
It's called a falling knife Spuds. Don't lie underneath it.......
I'll buy at $6 a week before Nov 1 earnings release. For now, just shorting it.
Twitter opened @$45 on 11/13. 12/13 it's high was $74.73. By 5/14 it hit a low $29.51.
Rum has a way to go yet. With this Fed's .75% hikes and now possibly talking 1% hike because the CPI this morning was above estimates causing the 550 point drop in Dow futures. But now the Dow is up 630 points. An 1100 point swing, that's how oversold the market is but the bottom is still unknown which is the reason investor / traders are holding a lot of cash on the sidelines. IMHO
That's what stop losses are for. Mine was set at 11.55. Screw holding bags.
Maybe after November 8, 2024.....just maybe. People living off their credit cards / savings right now. This recession / depression was completely created on purpose, was completely avoidable. Until the ones that did this are voted out of government, you need to be comfortable shorting till then. For now, going long is no longer a profitable trading strategy.
Here's your confirmation of the massive layoffs coming....
https://www.bloomberg.com/news/articles/2022-10-11/intel-is-planning-thousands-of-job-cuts-in-face-of-pc-slowdown?srnd=technology-vp#xj4y7vzkg
This is officially a falling knife, stop loss hit.
The GAO estimates unfunded liabilities i.e. Social Security, etc at $200T+ plus, on top of that, $31T in fiscal debt. This article is a little old but drives it home.
https://ileaderssummit.org/americas-real-crisis-22-trillion-in-debt-and-200-trillion-in-unfunded-liabilities/
My last post was not allowed I guess, I don't see it. Political discussion is an issue that is not encouraged.
Better Known as the "Dodd- Frank Act" of 2010 after the 2008 financial collapse.
"The act was criticized for failing to address the role of government policies in causing the financial crisis. It was largely political pressure on banks that led to an abundance of risky subprime mortgages – which led to the creation of credit default swaps as a means of handling the massive amount of high-risk mortgages."
https://corporatefinanceinstitute.com/resources/knowledge/finance/dodd-frank-act/
Democrat Barney Frank is the root cause of the sub-prime.
Forbe's:
"Barney Frank has been a major supporter of every policy that got us into this mess, from the Community Reinvestment Act to President Clinton’s mandate for banks to extend a minimum number of “affordable loans."
"For those who are unfamiliar, the underlying cause of the current credit crisis was a housing bubble. Because these policies incentivized and even mandated banks to extend subprime loans, a shocking 40% of U.S. mortgages were categorized as subprime or Alt-A. These loans were made with virtually no down payment (sometimes no down payment!) to people with less than spectacular credit. The result? A collapse of the housing bubble that has led to a worldwide recession. The same housing bubble that Barney Frank’s pet policies led to."
https://www.forbes.com/sites/greatspeculations/2010/10/15/the-truth-about-barney-frank/?sh=63eaadb663db
I married a red-headed Scot-Irish for her straight-forward, no-nonsense attitude.