Appears as though the Rump Rangers are posting like horney little squirrels today.
They usually do when they are pulling a full court press on the stock.
How come on horribly low volume they can't get it below $3?
Is it because you shorts are impotent? I mean, why post here 24/7 and NOT DO ANYTHING ABOUT IT?
Common, I dare you,
Well Ryder, I ran the beach today getting ready for the race season up north and don't need a vet to shoot me if i break my leg.
But you'll notice how there was a run to buy the stock, albeit on anemic volume, at the end of the day to the few sellers foolish enough to put out an ask. My guess is there will be fewer and fewer of them, particularly when the news breaks. will it be Friday? Probably too soon, and it would not be that advantageous. My guess is COIN will trade even less than 44k shares that day. Why bother. But Monday, Hmmmmmm. And, certainly the rest of next week.
There's going to be a Merry Christmas for everyone holding COIN and for the Grinches that short it, coal in their stocking.
The Grinch's Worst Nightmare,
at 11:40am it's doing 31,400 shares which is pathetic, and now it's up 14 cents. How do you explain that?
Nobody's sellin', that's what. What percentage of them are short termers vs long termers that don't follow the stock every day?
Also, there's a low float on this stock and it's traded over a million shares in a day. when the broader market wants a recession play with low float, how ya gonna keep it down? The shorts will evaporate and maybe come in at $10, IMO. I look forward to an oversold comeback to double down, but even I am afraid that COIN will turn on a dime and keep going up.
Maybe there will be a little leg down at $5 as the less than insightful short COIN, but why grab 50 cents?
Geez, how ya expect us shorts to do something so far below $5.
We're a patient lot though. There are still plenty of days to establish that conversion price on the convertibles and that will take care of the rest.
IF that were true you wouldn't be here 24/7.
A paid basher is what you are pure and simple BS.
30K vol, say, you are a shooter!
BUY OR DIE.
I think the news that takes it to $5 will vault it higher on volume despite the shorting activity. You may want to pick a 50% spike from a steadily increasing ramp up in the stock. At the point it is oversold, say 3x from here would be your best bet. At that time, it may deserve a "little" profit taking. But don't hold your breath. January will be a big news month, and you could lose your "shorts".