NewYork888

ETHE BUYER BEWARE OF THIS BOUNCE

NewYork888 Updated   
OTC:ETHE   Grayscale Ethereum Trust (ETH)
ETHE We warned on this name last week and it dropped over 77% - This is NOT a name for retail traders to try to "Pick the low" you will get DESTROYED if you do. This name has been TOXIC to retail longs trapped over the past week. #trading #stocks #crypto #fintech #ETH
Comment:
If you tried to "pick the low" on this name you are now down 75% of your money in just a few days.
Comment:
About 10 days ago we posted to GET OUT of this name at $600 - it now sits at $120.
For some reason some exceptionally immature people chose to knock this call as we warned our followers on this name - hopefully many did listen to us and got out of this very toxic product. At some point in time - not yet - this name will be a great long and we'll post it when that time comes. Good luck to all.
Comment:
When we called a short on this a week ago or so and a "GET PUT NOW" warning rather than real debate we got childish immature comments from some that obviously lack self worth - well it's now DOWN FROM $600 to $88 in a 10 day period - we hope some followers saw this post and at least took pause as to their position in this potentially very toxic financial product.
Comment:
DOWN another 24% this morning exactly as predicted - DO NOT GET TRAPPED in this name. Do your own DD.
Comment:
Now DOWN 90% from our original call at $600 to get out of this name just a few weeks ago. It's now at $60. Keep betting against us.
Comment:
We said to "Get out" at $600 a few weeks ago - it's now at $55 - did you try to catch a falling knife? Never a good idea.
Comment:
$47 low today down from $600 three weeks ago
Comment:
If you got short or even closed a long when we posted this a few weeks ago at $600 probably best to close out your short in this area even though we think it heads to the $23 area but you never know - $600 to $47 is a big drop - that said we would NOT get long here - not yet.
Comment:
$600 to SUB $40 in a month not a bad short call. LOL
Comment:
Now at $32 from $600 when we first posted this short call - there is no telling just how low this name can drop from here.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.