Your technical analysis was "look at the chart" ... man if it were that simple I'd be a billionaire by now by just looking at the charts for various stocks
Now piggyback that with what you know. We are in a recession. It’s a dead business model and the company hasn’t made a profit in years. They are doing a stock split to hopefully get a little more juice out of the small investor based on its “meme stock” status. They just fired their CFO and announced job cuts to the tune of like 20%? (don’t quote me on that, a lot of companies are doing that so maybe 20 just stuck in my head.)
The big issue for you meme stock warriors is that the short interest that carried you initially, that damage has been done. Those positions have long been unwound. Now it’s hovering around what, 18% of float? (It’s somewhere around there.)
This stock is no way whatsoever a “hodl” (you already know how retarded I think that mis-spelling shit is) and furthermore if inflation keeps going (it’s gonna get worse if Biden pushes through stimulus, much worse) this company is done. They will restructure, go bankrupt, issue new shares after the old shares are worthless (waaaaayyy to many of you people don’t even know that’s possible) and come back as purely an online entity MAYBE, if they even can, because the demographic that pushed them into relevancy will absolutely hate them.
Apparently you don't know what naked shorting is. And apparently you didn't read the new report that said they waived the margin call requirements when they shut off the buy button. They have been constantly suppressing the price after they shut off the buy button. The short % was around 120% of the float, if they closed their positions by that much down to 18%, why didn't the stock go up?
The stock split dividend is going to put pressure on hedge funds to locate shares. This will further expose the corruption. Mark my words.
We will come back to this. One of us will look stupid. Good luck.
Your technical analysis was "look at the chart" ... man if it were that simple I'd be a billionaire by now by just looking at the charts for various stocks
No I said take it out a year. What do you see?
Now piggyback that with what you know. We are in a recession. It’s a dead business model and the company hasn’t made a profit in years. They are doing a stock split to hopefully get a little more juice out of the small investor based on its “meme stock” status. They just fired their CFO and announced job cuts to the tune of like 20%? (don’t quote me on that, a lot of companies are doing that so maybe 20 just stuck in my head.)
The big issue for you meme stock warriors is that the short interest that carried you initially, that damage has been done. Those positions have long been unwound. Now it’s hovering around what, 18% of float? (It’s somewhere around there.)
This stock is no way whatsoever a “hodl” (you already know how retarded I think that mis-spelling shit is) and furthermore if inflation keeps going (it’s gonna get worse if Biden pushes through stimulus, much worse) this company is done. They will restructure, go bankrupt, issue new shares after the old shares are worthless (waaaaayyy to many of you people don’t even know that’s possible) and come back as purely an online entity MAYBE, if they even can, because the demographic that pushed them into relevancy will absolutely hate them.
Apparently you don't know what naked shorting is. And apparently you didn't read the new report that said they waived the margin call requirements when they shut off the buy button. They have been constantly suppressing the price after they shut off the buy button. The short % was around 120% of the float, if they closed their positions by that much down to 18%, why didn't the stock go up?
The stock split dividend is going to put pressure on hedge funds to locate shares. This will further expose the corruption. Mark my words.
I have, and you will be wrong.
You’ve already explained why in your statement here.
You just haven’t quite caught on.