So many people get stuck up in fundamentals of a company, they forget they are riding in a bubble. Stocks move on supply and demand, fundamentals have 0 significance. This stock deserves to go to sub $20 and stay there for 1year.
So many people ask me "Why is this going down?". There is simply no reason (The same reason it went up for no reason). See the chart and figure out yourself why it is going down....
Previous ideas are linked below
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The fund that made this a bubble got in again. Look at the volume, exactly the same. The same firm is trading this buffalo
I have no bias, I heard and looked at the chart of this stock for the 1st time today. I am just curious about your comment "This stock deserves to go to sub $20 and stay there for 1 year." Why?
Thanks
UnknownUnicorn1020621
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@MedinTrade, It had its run, it needs to consolidate, accumulation phase before distribution. Also to piss off some people. I do that :D
UnknownUnicorn1020621
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@MedinTrade, But ya its not going to stay there for 1 year obviously.It should retest 38.00 level make a "U" and go down.
MedinTrade
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@Avasreader, I got the consolidation and all ( I need to look at the chart more but it might be a jus a logical pull back?) I was asking because your sentiment seemed to have a changed a lot compare to your previous post on that stock. I thought you might know something ;)
But yeah that's a very parabolic growth for the little I saw right now lol.
Thanks for your time.
UnknownUnicorn1020621
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@MedinTrade, No man, I know a bubble when I see it lol
Toppgunn1
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@Avasreader, This was spot on man... It hit 38.11 on July 18th and went back down... I was thinking of opening a long position but after reading your post it seems that a better entry point might be around 20?? Whats your opinion short term - do you see this going up prior to earnings this month?
Thanks