$Mullen Automotive (MULN.US)$ I have no idea what to say abo...
$Mullen Automotive(MULN.US$ I have no idea what to say about this stock. any good news why it is downt rending. I am soo worried that low it will goes? do anyone have any clue?
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Wojak the feels guy : It’s downtrending cos too many haters shorting and Ceo’s lovely dilution. Just pretend it will downtrend to $0.52 before it takes off again and you have nothing to worry about
reddaysonly : Think of it this way, generally stocks are vulnerable to day to day noise if there isnt any news (i.e. new investors joining, old one selling). In the case of stocks such as MULN, which hasn’t stabilised, there is more reluctance for new investors to join than old investors leaving (due to its uncertainty). As a result, prices are likely to fall when old investors want to cash out to invest elsewhere since this stock hasnt been moving for awhile. This will push down the price. Coupled with the fact that multiple investors on such stocks are here to pump and dump, earn the spread, this makes the stock extremely volatile. Generally people would avoid this stock altogether if they dont believe in the long term of it, or if they believe delisting or bankruptcy would come. So other than extremely positive news, stock prices for such stocks would always linger or drop.
金钱虎 : Insist on waiting for; hold on to Wait foolishly.. Wait for it,
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