Hopefully you closed your shorts Thursday when HTZ was consolidating and everything was getting shredded. Another pump premarket for Friday and no movement in retail to speak of.
I opened another short EOD Friday. Very risky with these pumps but I just don't believe them. I'll keep doing this until it doesn't pay.
It sucks to be that Robinhood retail investor. Any hopes for the 2nd pump (NYSE approval for appeal and removing delisting notice, etc.) or should I exit position and call it a day? I don't have that many shares but still..
zephin
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@B20Bravo, You gotta make that call. A company, going into bankruptcy gets delisted, appeals delisting and announced that it will issue more shares while its in appeal, will somehow return from the dead and continue on being the shitty company that it was. Anything is possible. This America after all.
B20Bravo
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@zephin, you are right. It is a shitty company which intends to issue new shares but warns its investors that stocks will most likely become worthless. Today it nicely went down. I sold half of it and will sell the rest week as no good news are in the horizon. Thank you!
luminaryfi
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Spot on... It sure was a pump and dump.
With Robinhood retail investors holding HTZ at 160,293...
"A fool and his money are soon departed"...
zephin
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@luminaryfi, Thanks buddy. It's almost embarrassing to watch.