COSM RS went into effect in PM trading to $8.25..(1/25 @ .33), and was then QUICKLY shorted down hard to under a $1.
Once the buying pressure came in, the squeeze began. And, since existing COSM holders couldn't sell/ trade on most exchanges it locked out a large amount of shares from being sold...thus the run back up to post RS SP.
The spike from the RS new price of $8.25 to over $23 was massive FOMO squeezing the play into a Mega squeeze.
Once it hit that level ($23ish) retail started cashing out along with shorts taking it back down to the "real" SP of 33/$8ish post RS.
Now there is an offering looming along with the locked out retail being able to trade their post RS shares.
Next week will be a wild ride, but I think in the end the SP will get decimated.
Some traders made BIG $ yesterday along with the Big boys, but a lot of other traders got shafted hard!
It appears RS's are going to flourish going forward with inflation & high % rates. Companies are going to scramble to get whatever financing they can get while simultaneously trying to cure their exchange deficiencies....ie, RS's
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