Wall Street crooks at it again. No options to lie,cheat and steal so a walk down to trigger stops works just as well. About ready for the about face to run it back up. They capitalized on the Mt. Gox fiasco. Great buying opp IMO. I'm buying 1000 share blocks every .10 since it ducked below 1.00. I'll keep buying as far down as they want to push it. Two can play at this game and I have never lost. The last time was with NFLX.....as soon as it went below 100 I started buying 50 share blocks every 10 dollar drop and switched to 100 share blocks at 80 Who's laughing now? Netflix was going to 25 is what the liars were saying and were screaming SELL at 70. Shalom you theiving bastards
You don't have a clue to what's going on with the big money. They have been flipping this up and down making money along the way and will yank the rug out before you can click on sell. They don't lose money in this game. They will be laughing all the way to the bank when they rob all the long holders. I've seen this too many times. If you could see short interest in real time you would see what I mean. That's why they don't allow you to. It's done behind our backs and we are only allowed to see after the fact. They are playing this up and down for 2 bucks over and over. They have the Capitol to do so. Once the get suckers to believe it's going to 150 they will crush it down. Mark my words
In my experience(35+ years) the up down up down is shorts flipping to recoup losses and average up. 99% of the time once they are averaged up they have already run the price up and then they pull the rug. I've seen it too many times. Underwater positions can be corrected easily if you have capitol. I will bet you see the short interest go up in the next week as they run it to touch 125 and then down we go. These crooks seldom lose money.
We shall see. I would much rather be short at 52 week high with an already toppy market. The ones up the fastest and most fall firt and fast. Been doing this for 35 years so I've seen it a few times. Maybe 10 points to the upside but possibly 75 down. Keep holding if you're long and watch your greed get the best of you when it opens way down and sells off.
Right you are. This is a 75.00 stock at best. More questionable accounting and book cooking allegations should bring this bubble back down to earth. WAAAAAAY overbought and reality will set in soon enough. The upside potential is way smaller then the downside risk. If i were holding this I would sleep much better short than long. This one took the elevator up but will base jump down. JMO
I actually bought in yesterday and I never play anything under 5.00. It is purely a spec play on the advice of a friend who makes a living on penny's. He seems to think there is another run north getting rooted so I pulled the trigger. Not a lot but if it hits .30 it's a double. I'll take that any day. Any more talk of weed legalization and all the MJ stocks will pop.
Wrong. MM's won't let options expire worth anything. Grind up from here until Friday and then Monday starts a whole new game.
Lesson number 2. I would be a buyer tomorrow starting at 54 and change. You will see additional panic sheep selling in the morning and it should provide you with an entry point. I will be buying my first 1/4 position and adding more every time in declines 1.00. Covered my short position with a nice chunk of change so I can afford to gamble with a little.
Don't forget, they will have to run it back up by Friday to make options they sold expire worthless.