@alphainvestorsignals, thanks , could be just stop hunter who knows ,i saw many good stocks same thing :{ for new noobs it is scary
jrothlander
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@TORNADOF5, a short seller published that they sent a letter to the auditor questioning AIs accounting practices. A month or so ago they publish a letter stating that the price would crash because AI didn't have a real product to sell. That apprently didn't work out to push the price lower, so now they are questioning the companies accounting practices publically. Of course, everyone can see through this as a way to push the price lower for them to exit, as they are short sellers. Why would a short seller publish letters like this? They want the stock to fail and if AI is really doing this, they should be happy. But the fact that they are publishing these letters, that seems to suggest they are just trying to push the price lower for their own benefit. You think they'd be legally liable for fraud, but I don't know. Maybe this is a common practice for short-sellers.
Maybe this is a good buy opportunity?
alphainvestorsignals
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@jrothlander, I feel it's a good opportunity, if it stay above the orange line. But the stock is going to remain very volatile.
TORNADOF5
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no way to buy it low now ?? :{ thanks
alphainvestorsignals
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@TORNADOF5, It would retrace, Stocks moving like this always retrace. Note that the chart is on weekly timeline.
If it goes back to 30 week moving average and bounce (wait for two weeks), it would be buy again. Best thing to do right now is to Sell Puts at $30 for May 19 Expiry, with expectation of getting assigned.
If it goes further up from here, you will keep the premium If it goes down from here, you will get assigned shares at much better price.