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Thursday, February 11, 2021 7:33:00 PM
Fundamentals do not matter - it's manipulation and it's working.
This happens every time the market crashes - a wave of new investors pours into the market bringing a lot of new high-risk money. It happened in penny biotechs in 2008-2009 when the market crashed and the only reason it didn't happen in 2020 is because all the new traders flocked to Robinhood and Robinhood won't let its customers buy penny stocks.
AOLS is a poster child. Aeolus Pharmaceuticals does not exist. But it went from .007 to .018 in the last 5 days! AOLS literally should be worthless, but clearly it is not worthless as long as new money floods in to buy it.
How long will it last? hard to say. In 2008-2009 it lasted about 10 months. One thing is for certain: when it ends, it ENDS. AOLS will return to .003 or whatever it's been stuck at since the company folded its tent.... and it's not worth THAT even -- it's worth nothing from a fundamentals standpoint.
I repeat: fundamentals mean nothing right now.
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