Microvast Holdings Inc (MVST)

[jerrybrockman]

My take is this:

Various Wall Street funds needed to accumulate shares (keep in mind, these fat cats all run in the same circles).

Morgan Stanley decided to do the team a solid by tossing out the lowball 6 buck target. (They were screwed no matter how they played it. An honest 25 target would have caused a run almost exactly like this, and saying nothing would have also triggered a run, because even Ray Charles could see that the rise in volume and price was from the big dogs).

Morgan tossed out the lowball, then the 2nd tier media, Bezinga, Motley Fool etc. blamed the rise in share price on Reddit WSB in order to ignite a smoke screen and keep retail from rushing in. It’s becoming more obvious by the minute that this isn’t a meme stock. Most of the buying seems to be from institutions.

WSB types might be here, but it definitely isn’t a meme.

Unfortunately I don’t own any of this, but it is fun to watch and see how Wall Street really works.