(Total Views: 1810)
Posted On: 06/30/2020 5:43:04 PM
Post# of 155707
Re: Rubraquercus #40189
“The citron hit piece is the primary culprit but even the mere mention of it is probably enough to get a post deleted.”
False, the citron article is not the primary culprit. The primary culprit is that the stock was way over bought and ready for a pullback, without any significant news to support the increase to the $10 level. What happened today would’ve happened with or without Citron. The citron piece gets 1% of the credit as the setup was already there.
As myself and others having pointed out over the past 9 trading days, CYDY has been making daily gains without significant news and the run has mainly been based on hype and speculation. Yes, leronlimab has shown promise in COVID, but we’re 2 weeks away the official data release. Those who swing trade stocks noticed the hype and speculation and hopped on for some profits, including those who short stocks.
And to be clear, just as those who short stocks post on stock boards, so do those who “pump” stocks. And there are pumpers among us. Many new names have shown up over the last 10 days claiming to average up at $7, bought 100K shares for the long run, and for longs to hold, etc. if shorts are guilty of bashing, then pumpers are guilty of hyping a stock.
False, the citron article is not the primary culprit. The primary culprit is that the stock was way over bought and ready for a pullback, without any significant news to support the increase to the $10 level. What happened today would’ve happened with or without Citron. The citron piece gets 1% of the credit as the setup was already there.
As myself and others having pointed out over the past 9 trading days, CYDY has been making daily gains without significant news and the run has mainly been based on hype and speculation. Yes, leronlimab has shown promise in COVID, but we’re 2 weeks away the official data release. Those who swing trade stocks noticed the hype and speculation and hopped on for some profits, including those who short stocks.
And to be clear, just as those who short stocks post on stock boards, so do those who “pump” stocks. And there are pumpers among us. Many new names have shown up over the last 10 days claiming to average up at $7, bought 100K shares for the long run, and for longs to hold, etc. if shorts are guilty of bashing, then pumpers are guilty of hyping a stock.
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