The only reason why this is moving up is because of the market wide short squeeze. I expect this to fill one gap or the other....
I'm bearish because this is a money losing company with no path to profitability. Even garbage companies like OSTK and W managed to become profitable during the pandemic, this one still loses money. If they're losing money when everyone's ordering online with stimulus money, how are they going to make money when there's no stimulus?
This stock will head down to $15 eventually, just a matter of when....
BTW, MFI and RSI both hit overbought and are coming down. Good luck Monday.
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Well, looks like I picked the wrong arrow and blew a grand. Can't win them all, 6 for 8 I guess. 2 and 2 on retail, apparently they can only go down if they're at ATH, there goes my PD profits.
If you bought June 18th puts, I'd hold them. If you bought June 11th like me, well, I think we're screwed.