$GameStop(GME.US$ Diluting with additional 45 mil shares last week was extremely fk’ed up. That’s how you kill the momentum of a meme rally. Gme did NOT do that in 2021 rally. That, right there, is a major difference. Facts are facts at the end of the day.
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$Faraday Future Intelligent Electric Inc.(FFIE.US$ Starting next week this may just begin to go down more and more towards 10 cents per share. Definitely still a good penny stock for day trading, but that’s about it. If you long hold this, you’re guaranteed to burn your $ away, not to mention the mental anguish that accompanies on the way down.
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$Faraday Future Intelligent Electric Inc.(FFIE.US$ Naive retails seem to not understand or refuse to accept the simple fact that whales that are the main reason for driving up the price to its ridiculous highs can just as easily switch sides by selling out of their long positions and short it down instantly, creating a ton of bagholders. Just another lesson to not be extremely greedy when you’re sitting on nice gains.
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$Marathon Digital(MARA.US$ All BTC miners will suffer as soon as halving comes next month. Smart move would be to cash out while you’re still in profit before halving kicks in.
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$iBio Inc(IBIO.US$ There’s a very high likelihood of an offering coming. Small pennystock companies are extremely notorious for doing offerings after a decent run up on their stock. Trade this, don’t hold for days.
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$GameStop(GME.US$ It was so bad the company didn’t even bother holding a conference. There’s no need to put a positive spin on this. A terrible earnings is a terrible earnings.
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$SoundHound AI(SOUN.US$ A small company that does something with technology that produces sound is worth $2 bil? 😂 I don’t blame the short report, got some merits to their claims.
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$Alibaba(BABA.US$ Quite insane and perhaps “inane” as well that Baba would decide to sell shares of Xpeng and Bili at their current cheap price levels. This may prove to be a bad decision a few months down the road, unless they buy back in before the eventual rise. This just goes to show the kind of awfully desperate situation they’re in right now.
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$SoundHound AI(SOUN.US$ Anyone care to wonder why Nvidia merely put in a couple of million dollars in this NOT hundreds of millions like they did with Arm? The answer is crystal clear. Penny stocks, at the end of the day, will always go back to being penny stocks and thus “penniless” since the company always sells out on hopeful small retails.
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$SoundHound AI(SOUN.US$ 🤣 There’s a short report on this company. Like I said a couple of weeks back, give this about two months we might again see that normal $1.80-2.20 range for this stock.
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SupaNoobOP Iakul: For the “sale of up to 45 million shares”…from time to time. That literally means they’re absolutely going to take advantage of this rally to try to sell at a great premium compared to $10-12 per share.
SupaNoobOP Iakul: So it’d make much more sense for them to start selling as the price is going down towards the $10-12 per share range? Ryan Cohen isn’t an idiot, lol. Always know when to capitalize or who knows how long it’ll be before another rally starts, and the price action tells it all about how most people feel at this point about buying in. The level of uncertainty and fear is quite palpable now.
SupaNoobOP : From this point on, it’s merely a good day-trading stock, quick in and quick out with fast potential profits, that’s all.