You asked a fair question. You would have to de
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Posted On: 05/27/2020 7:31:24 PM
You asked a fair question.
You would have to define 'of late' though. Stock is around it's 5 day average right now. Down ~10% from the 20 and 50 day average. Higher than it was in March and Dec. Lower than it was in some of the other months.
Some act like it dropped 50% in a day. Not you, some in this world.
Many stocks have recently due to the virus.
If fact, many companies completely shut down.
The stock can go up 10% or down 10% tomorrow.
Heck, any stock could.
If everyone could read the stock market, well there probably wouldn't be a market.
I am certain people would even complain about that
I am more interested in when it goes up 1000% personally.
5-Day 1.1670
20-Day 1.2914
50-Day 1.2998
My opinion: Employees and Asian investors have bought in at $1.20 and some wanted to buy in more. I don't think it will stray to the downside far from $1.20. Upside is the unknown.
If someone was going to short it now, the upside gain of their downside prediction is far less than the upside risk of the upside
You would have to define 'of late' though. Stock is around it's 5 day average right now. Down ~10% from the 20 and 50 day average. Higher than it was in March and Dec. Lower than it was in some of the other months.
Some act like it dropped 50% in a day. Not you, some in this world.
Many stocks have recently due to the virus.
If fact, many companies completely shut down.
The stock can go up 10% or down 10% tomorrow.
Heck, any stock could.
If everyone could read the stock market, well there probably wouldn't be a market.
I am certain people would even complain about that
I am more interested in when it goes up 1000% personally.
5-Day 1.1670
20-Day 1.2914
50-Day 1.2998
My opinion: Employees and Asian investors have bought in at $1.20 and some wanted to buy in more. I don't think it will stray to the downside far from $1.20. Upside is the unknown.
If someone was going to short it now, the upside gain of their downside prediction is far less than the upside risk of the upside
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