InvestorsHub Logo

mxp

Followers 16
Posts 1894
Boards Moderated 0
Alias Born 06/15/2009

mxp

Re: SC777 post# 957

Wednesday, 05/12/2021 4:17:41 PM

Wednesday, May 12, 2021 4:17:41 PM

Post# of 8228
Many borrowed lots of money to buy stock in hopes they will double triple but since it was going down, many had to return money to brokerage accounts otherwise pay lots of interest on it. So many sold their positions at loss just not to put themselves in even worse position. That is why we are closed at such low price. Margin calls./leverage. There are no diluters here. But shorting did take place for sure.

No need to panic. easy road back up next week.

They postponed the vote till next week for one reason so that insiders and their friends can buy as many cheap shares they can, so price had to be taken down for MM's to fill their agenda.

Just ride the train. We are heading higher next week.