The 10-Q, though great to see and indicative of th
Post# of 75394
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Posted On: 08/27/2021 1:35:32 PM
The 10-Q, though great to see and indicative of the strong earnings growth just taking off, was not a colossal earnings bomb by itself. There is much more on the way. At face value, this 10-Q was not enough to scare off shorters for long, though the toxic turds we usually hear from and delete regularly were silent for nearly a full week.
As usual, they short at the high end of a run or pop, and then do the best they can to walk the price down into a price range that represents a nice profit when they buy back or "cover" the shares they sold short at higher prices.
This is merely the standard "wash, rinse and repeat" tactic that flippers use to extract cash from the market. Fact is, I have repeatedly said we will see this. Just relax and wait for the successive news and financials.
The fundamentals will get better with each report as they approach and achieve profitability. The pps will follow, but volatility will increase and the pps will trend upward in a "choppy" or ratcheting pattern, especially as the hype draws the attention of those flippers. Nevertheless, it WILL trend upward.
As usual, they short at the high end of a run or pop, and then do the best they can to walk the price down into a price range that represents a nice profit when they buy back or "cover" the shares they sold short at higher prices.
This is merely the standard "wash, rinse and repeat" tactic that flippers use to extract cash from the market. Fact is, I have repeatedly said we will see this. Just relax and wait for the successive news and financials.
The fundamentals will get better with each report as they approach and achieve profitability. The pps will follow, but volatility will increase and the pps will trend upward in a "choppy" or ratcheting pattern, especially as the hype draws the attention of those flippers. Nevertheless, it WILL trend upward.
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