Do you hate the fact that WNBD is forming a higher low than it did last year? lol
WITH EVERY STOCK, there are prices that are OVERvalued and prices that are UNDERvalued.... but they usually always adjust with time
Apparently, WNBD's share price got a little too ahead of itself last year @ .05, hence the drop... but this does not mean it is not a good buy at THIS VALUATION.
This is how ALL stocks and commodities trade... Just like Apple being too high @ $200 per share ($85 now), or the price of oil @ $147.. Is Apple a scam because it dropped from its high?
Last year, when WNBD was in the triple zeros it was WAY undervalued, hence the strong correction to the upside and a base forming MUCH higher than the lows.
If you shorted WNBD @ .05, you made an EXCELLENT TRADE. Just like many longs did with their buys before the 15,000% run... On the other hand, if you're shorting at THESE PRICES i feel your risk far outweighs the reward. One BIG PR and you'll be forced to cover with HUGE losses. I can give you 100's of other pennies with better short risk/reward ratios. Throw a dart!
Equity analysis is the determination of risk/reward... You're crazy to short this @ .005. The odds of MASSIVE PR is VERY LIKELY IMO...
If you actually did DD instead of repeat the same rhetoric, you would know this.