$3.10, 10 CENTS from the $2's, uh oh???????
Must be more of those supposed "big institutions" doing all the "big buying" or "stealth accumulation" stuff according to some "list" thingy?
It never did hit $35 a share by "end of Q2" ?????? And wasn't it all on it's way then to $70 a share by the next few months? Something like that? WHAT went wrong exactly? $3 bucks versus $35 to $70 is not exactly "close"??????
HOW is a stock supposedly "being bought" by a bunch of "big institutions" and at the same time making NEW DAILY 52 WEEK LOWS and now close to ALL, ALL TIME LOWS? HOW IS THAT POSSIBLE? Maybe the "list" thingy isn't exactly accurate and many of those firms (Blackrock comes to mind) are SHORT perhaps and hold positions briefly as they sell and dump um for large "clients" aka the hedge firms, etc, LOL ???????????? Other than some "auto additions" via computerized indexes, I highly doubt any "fund" has been buying a sub $5 stock that's in free fall, LOL !! Nearly ALL "managed" funds WILL NOT TOUCH A SUB $5 stock- almost never. It's considered a penny stock now in this price range- for all intents and purposes.
Also, via dropping into hard sub $5 a share territory- it just lit up all kinds of margin restriction requirements and probably triggered an avalanche of margin calls if any margin had been used on this prior to its massive price collapse.
FREE FALLING- it's got no bottom yet that I can see- not even a hint of a major bottom and reversal. IMO, there's no "big net buying" taking place- total nonsense. This is being SOLD OFF and DUMPED and likely heavily SHORTED and it's most likely closely tied to the warrant laced secondary, the underwriters and the hedge funds they pitch and sell these weak secondary deals to. Simple as that to me.
My barely $3 bucks worth- an avg cup of joe territory now, sub Big Mac levels and dropping.
Posts contain only my amateur opinions, personal views and thoughts. I discuss stocks as a hobby only. Always do one's own due diligence before investing.
AI
