most probable scenario for $HOOD. will keep making new lows for Q1 2022. ipo retail buyers way under water with a 38 dollar cost basis ( -42% return). then an accumulation period lasting 2-3 months. this accumulation period should shake out the ipo buyers and any recent dip buyers. lastly is a scam pump that should top out around previous ATH +/- 15 dollar. during the scam pump is when the accumulators dump on late buyers at huge mark up leaving them to hold the bag. stock could trade as low as 12 dollar during accumulation period. my plan is to have a cost basis of around 15-18 dollar.
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ipo buyers now down 58% as of 1/6/21 close. new low of 14.80. highest volume today since stocks first week of trading in august.
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new low of 11.15. earnings today AMC, anything short of amazing guidance and stock is probably going to get giga wrecked imo. possibly trade under 10 dollar next week but will be a opportunity to start fully filling my bags.
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wrecked after earnings. traded under 10 briefly yesterday. have a limit order sitting @ 10. time to start fully filling my position over the next few weeks
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crazy v reversal on the open this morning. now trading back to 12.50 and up 8% on the day. not trusting this rally just yet especially since its friday. still have my limit order @ 10 open, but am willing to move it up if market shows any signs of trend reversal next week.
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adding more in the 13's and down to 10's if market giveth.
|𝕨𝕙𝕠'𝕤 . 𝕘𝕠𝕟𝕟𝕒 . 𝕔𝕒𝕣𝕣𝕪 . 𝕥𝕙𝕖 . 𝕓𝕠𝕒𝕥𝕤|
|𝕨𝕙𝕠'𝕤 . 𝕘𝕠𝕟𝕟𝕒 . 𝕔𝕒𝕣𝕣𝕪 . 𝕥𝕙𝕖 . 𝕓𝕠𝕒𝕥𝕤|