InvestorsHub Logo
Followers 0
Posts 2
Boards Moderated 0
Alias Born 10/29/2016

Re: None

Saturday, 09/04/2021 9:07:20 AM

Saturday, September 04, 2021 9:07:20 AM

Post# of 3508

HopehelpsU
Bullish
12m
$CRTD
Amazing r the lengths Hedgies went to in order to hold CRTD sub 50 dma of 3.50. I saw many 10,000 to 24,000 sh sell orders popping up on L-2 @ 3.50 during PH & into close & until they shut their algos (sell 100 to the bid) in AH did CRTD bounce back to 3.40s
Disheartening? YES
Worried? NOT
WHY?

1) Hedgies were WRONG to select CRTD as a Short/BK Target, they DD'd CRTD incorrectly & underestimated the potential of the co. biz model, didn't expect 200% YOY Revs bump & what's worse? A better company forecast

2) Float of 2m sh out of 10m makes it difficult to cover enough shares to get unrealized gains to currency. The asks spread 1-2% higher than the bid makes it impossible for them to cover without causing a huge spike in PPS, hence the "sell 100 the bid (Band-Aid) algo"

3) US, yes they never envisioned a small group of Apes gathering over 1m shs! This, together with a surge in Insider Buys makes it IMPOSSIBLE for them to escape. Something must GIVE EVENTUALLY!

WE R WINNING!
Show More