yea, let's call it what it is: a pump & dump that's not really materializing into a 'squeeze' altho there's still a great deal of support around $3 where most of the cheerleaders got in; w/bag holders above $4 on margin in their Robinhood accounts.
Good news is there's options now, rolled into some cheap $2.50 August puts. Also buying long dated $7.50 calls in the off chance it can gap fills to it's 52w.
Volume could come back, one could argue that 100m shares traded is great, but stock couldn't punch $5 on 350m shares traded, so this latest rally is a relief head fake w/some short covering...
My PT is $2.75 & $2.62. Will turn bullish there if she's buoyant & consolidates there.
Good news is there's options now, rolled into some cheap $2.50 August puts. Also buying long dated $7.50 calls in the off chance it can gap fills to it's 52w.
Volume could come back, one could argue that 100m shares traded is great, but stock couldn't punch $5 on 350m shares traded, so this latest rally is a relief head fake w/some short covering...
My PT is $2.75 & $2.62. Will turn bullish there if she's buoyant & consolidates there.
Trade active:
building out that right shoulder w/a nice double top 🤙🏽
