Okay, Medium (MTRT) did much the same thing before blast off.
Dipped to bottom out at $0.60, then to $1.15. Volume was also light.
Heard from someone who worked Wall Street this is a repeat of 2008 at epic proportions as compared to 2008.
When money was tight back in 2008 Cramer was screaming for cash to be released by the Fed.
MONEY is VERY TIGHT on the Street. Tight enough to wait days to fill sell orders. No kidding~! The broker handling this transaction is a big broker too, not a small fry. Liquidity is going to be a problem. Banks/HFs/brokers Effed up to proportions never ever seen. It's bad.
Everybody (the other side) is in deep crap here and that the other side has resorted to peddling Russian paper in the States which is worthless. Trying to pump and dump that garbage, which they aren't even supposed to be doing. Morgan and other large banks have lost $Billions on Russia.
On top of that there is the naked shorting crisis in MANY stocks, not just $AMC and $GME hanging over many banks/hedge funds.
I know my source is right about this. He has been right on the money about other nefarious stuff going on. Stuff he has never seen in his life while trading and working on Wall Street.
Then there is Putin's war on Ukraine. The nuclear clock is only a couple
of minutes (2 or 3) to 12. Think about that.
Patience with $TCRI. If I had more money for my minuscule position I would be a buyer right now. This is an opportunity, let the weak hands fold.
All in my very humble opinion..
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