Hall of Fame Resort and Ent Co (fka HOFV)

[XFundManager]

Day Traders prey on Low float stocks like HOFV hoping for quick flips, as do swing traders. That being said most of the selling you see are margin calls, people selling out before mergers and those that were holding for fast gains are now selling for a loss.

People are looking for fast profits and are getting into EV style plays like SPAQ, SHLL, NKLA hoping to make Tesla like gains. So when they invest in something like HOFV and the stock stays stagnant or falls in value they cut there losses and move on to something faster.

Remember you also have a lot of robin hood traders that flipped this after the merger who did not have the ability to buy when the ticker was GPAQ.

Lets not forget the merger is not officially happened yet. The merger date in July 15th 2020 ! Plus I see no evidence of the retirement of over 1.6M shares to offset the 42% share incentive.

once this occurs we should see a huge bump in share price ! like I said this a sleeping giant that when awakes will be to late to buy. With a float of less then 3 million you will see jumps in share price of $20.00 to $30.00 in a single day !