This symbol is very popular. Maybe too popular. In this case, market makers always want to play with retail investors.
The question is simple - where is the money? If more money is in short positions we will go higher if more people hold the long positions market maker is going to freeze the symbol or will go below to take their stop losses and money.
No fundamental base here at all. Just pump and dump game.
My opinion is a short position is too risky. But not a bad idea is put options. If you can wait for 2-3 quarters, you will earn money in any case. But the best way is just to wait some time here to understand the plan of big sharks.
Keep in mind, currently, we wait for the decision of the government of the U.S.A. about Biden's $3.5 trillion plan. Any result will be a good argument for big sharks to drop or pump this stock...
// I have no position here, but I'm ready to buy it when I will understand the rules of the game here.
The question is simple - where is the money? If more money is in short positions we will go higher if more people hold the long positions market maker is going to freeze the symbol or will go below to take their stop losses and money.
No fundamental base here at all. Just pump and dump game.
My opinion is a short position is too risky. But not a bad idea is put options. If you can wait for 2-3 quarters, you will earn money in any case. But the best way is just to wait some time here to understand the plan of big sharks.
Keep in mind, currently, we wait for the decision of the government of the U.S.A. about Biden's $3.5 trillion plan. Any result will be a good argument for big sharks to drop or pump this stock...
// I have no position here, but I'm ready to buy it when I will understand the rules of the game here.
The operator wants to get all stops of the retail investors ... News was just background noise today. If people will go to "buy the dip", the operator will drop this symbol again, because this is the first dip only =)
The 2020 year is ended, it was a pump for the big sharks. No more "easy money". It's showtime for the big sharks to get money from new investors who believe the market will rise forever.