MULN to $10?
$Mullen Automotive(MULN.US$
MULN is trading at around $2.38, PM $2.29.
With CTB at 700%. That means they are paying 1.91% a day.
If MULN drops to $2, I believe tons of buyers are going to come in. And if the price rockets to above $2.80 again, the shorts are screwed big time if they don’t cover by then. It has to go up with such high CTB. The shorts can’t hold for long. It will be a snowball effect when HF starts to cover, the other HF will panic and cover too.
This can easily rocket to $10 as long as we don’t sell.
MULN is trading at around $2.38, PM $2.29.
With CTB at 700%. That means they are paying 1.91% a day.
If MULN drops to $2, I believe tons of buyers are going to come in. And if the price rockets to above $2.80 again, the shorts are screwed big time if they don’t cover by then. It has to go up with such high CTB. The shorts can’t hold for long. It will be a snowball effect when HF starts to cover, the other HF will panic and cover too.
This can easily rocket to $10 as long as we don’t sell.
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CeruleanFusions : True 100%
jellylomjp : we can do this!
Jay-Jay : it may drop to 2.12-2.15...
and it will break above 2.80 again soon.
Jay-Jay : these large financial institutions used to be a safe haven for investors who didn't want to do their own research, now they play with your money
like it's Monopoly. losing millions, who cares it's not theirs.