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In reply to the discussion: What's todays close? [View all]

getagrip_already

(17,802 posts)
2. The professionals never bought this turd... it is a cult stock through and through
Mon Apr 15, 2024, 10:16 AM
Apr 2024

Not even a meme stock. At least with a meme stock, investors know to get out. In a cult stock, they will hold on to the bitter end.

This is being held by red hats with no investment intentions. Sure, they have dreams of retiring on this and chortling at the libs, but they won't sell even in the face of doom.

The people selling shares are likely the insiders who can. Those who made the deal, the spac insiders. The original investors. They are the ones selling. And no, they aren't pro's either. They didn't know what they were buying into.

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