Reliance Global Group Inc (RELI)

[shanak10]

Question for anyone here - is holding onto my bag averaged at 5$ worthwhile? I haven't kept up with this stock; last time I checked in they had some preschool website that they were advertising. Are there any major events/catalysts on the horizon? Can't help but feel like I'd be able to recoup my losses on other stock plays long before this company does something. Also curious, is RE completely off the table for this company?

You are very lucky that your average is $5.00 and of course the decision to hold/sell is entirely yours. However, the last 5 sessions at 4PM there were very big buys. Someone is accumulating. Yes, I know it has been disputed without proof, here but I have checked with my brokerage several times both via DM and a phone call.
Here is their DM reply to me:

Hi Shana,
Thanks for reaching out. If you are referring to the NASDAQ index, then you may be seeing the trading activity near the market close. The stock market hours are 9:30am - 4:00pm EST so it is likely the activity that occurs right before the market close.
We would be more than glad to review specific positions with you to help determine what activity may be occurring. To help review, please call us directly at [phone] ([phone] International). Our representatives are available 24/7 and working to answer all incoming inquiries as fast as possible.
Sincerely,
E*TRADE

I once again followed with a phone call to them and once again I was told that those were market orders placed to execute at close.
Wishing you lots of luck in whichever way you choose.