Aurora Acquisition Corp (AURC)

[wzebra33]

When the insiders bailout and are reborn with another shell always remember this statement ,

“Liquidating into stupid.”

Liquidating into stupid occurs when some shareholders, unable to accept the reality, actually buy more shares at the reopen in order to bolster their hopes that it’s all a big mistake and that things will get better someday. I’ve seen this occur over and over again and theres a good chance it will happen here too. This is demonstrated by an unexplained willingness of the market to absorb sell orders at prices that seem to the rational person to be too high. I’ve even seen cases where the stock actually trades briefly higher than it was . Naturally, the liquidating into stupid effect is short lived as the number of active buyers rapidly dwindles while the number of folks trying to liquidate increases so hesitation can be costly.