$CoreWeave (CRWV.US)$ After 2X took profits at around 120, I...
After 2X took profits at around 120, I observed for several days. As expected, the executives couldn't wait to start selling. This is likely to continue for several more weeks, probably on the advice of investors and stock brokers, as a concentrated sell-off breaking the price level would trigger quant-driven panic — a scenario that has been planned well in advance.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Jason Pico : The sell-off is not based on price levels. It is executed on a predetermined date after prior approval, irrespective of price movements, and is only related to the date, not the price.
豆兜 OP Jason Pico : I am certainly aware of this. Many were sold previously between 84 and 100, but it is not yet complete.
Jason Pico 豆兜 OP : Given the large number of shares, would selling them pose any issues?
豆兜 OP Jason Pico : Of course, there needs to be buying interest to absorb the shares, but we retail investors are stepping in quite actively. However, it still depends on how long the major players intend to consolidate.
75223112 : If the chips are not released, who will help you push the price up?