Monday, September 16, 2019 9:43:56 PM
Ya’ll remember empm?
.01 clean shell, bid to .02 for loading, right. At some point drifted back to .01 (a 50% paper loss!). Then trickled to .008 and still sellers and shorts and at one point someone(thing) put 700k on ask at .0047 . Now, down 75%! from where people loaded. Could be pretty scary. Lots of questions “is the opp ruined?” “What dont we know” “why is irrationality winning?” , all legit, but reality is it was just horseshtt. Nbd. Loading opp. Nothing. When the shell was filled - straight to .04 and then .07 (700%! Up from .01), then went as high as .25 (100x gain in months) from .005. People and machines were selling just prior to a 100x gain. It doesnt have to make sense. MM’s are looking to churn trades. Flipping and fees. They will usually get their way, short term. Imo. I’m just waiting as long as it takes, and hoping something redic doesnt blow it up.
Sleeping well still.
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