pretty much. Also I've been a huge proponent that ALL "wisdom" of wall street, ESPECIALLY that espoused by cramer and wall street broker types, the ones who were SUPPOSED to be fiduciary managers of our money and supposedly helping us main streeters (now apes) invest correctly, does not apply. The shades were lifted from my eyes after January, 2021.
Those same folks are now being exposed daily on CNBC, Fox news, motley fool, and the list goes on.
It's another reason why I don't adhere to present UBQU theory.
there IS data from 2019. We are expected to respect that data as repeating itself right now. but it comes from an era where we were supposed to "trust" the offerers and spinners of that data without question.
and we're not allowed to discuss anything BUT UBQU. forcing retailers to put blinders on such that each stock is an island unto its own in my opinion is a way for others to control the conversation.
Example, I can say UBQU sux. look, it's sucked since 2018 and here's all the data from 2018-2020 that corrobrates it.
someone else can say "but it's actually related to the everything short. that UBQU was manipulated to fail, it still might be UNDER manipulation to fail..."
and then I can say "no, penny stocks are the wild wild west and to say it's related to the movie stocks makes bluchip a tinfoil hat conspiracist. let's strike that from the record. now let's get back to looking at the data in 2019 which anybody can clearly draw the conclusion that UBQU sux.
actually you could exchange UBQU for a number of tickers stonks even other major pot stocks like tilray, aurora cannabis, canopy growth.
anyhoo. yeah that's my point. and I think those regulars on this board are in general agreeing with me. the argument that UBQU sucked in 2019 and that therefore it will always behave identically to what happened in 2019 and that no outside factors can be assumed, (and implied, one should sell their shares right now) is being ignored through what we are seeing in the technicals.
therefore, I question the motives also of the presenters and defenders of their positions (bullish or bearish). I think I've made my case clear in many many posts why I am now an UBQU bull. Of course one is because I hold enough shares that if it rips, we all get really rich. Isn't that everybody who does hold a substatintial position in any stock?
of course, the other motive in posting us when my friends PM me saying that there's a lot of negative posting on the floor and they ask me to put in an encouraging word, or I'm directly called out, old west style (lol guess UBQU IS the wild wild west in a way)
are to encourage others to MANAGE RISK to the point where they can hold UBQU (should they decide not to sell it) with confidence.
I am unsure of the motives of those who continue to have an outright negative attitude about UBQU, Ballas, and supposed insiders (not sure Zorn is still in! not sure Dreyer is still out!)
or those who are neutral.
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