Let's do the math.
Assuming 80% of the 5.6% $NBIS position held by Situation Awareness has already been sold, that's roughly 9.92M shares out of the 12.4M position.
Now assume they sold around $270.
That's roughly $2.68B worth of shares taken from the market, yet $NBIS is still trading above $220.
That's an insane amount of buying pressure.
I think it's becoming increasingly obvious that the selloff from $280 had nothing to do with the convertible notes offering or dilution from management.
The selling pressure may have simply been Citadel strategically offloading a massive position into the market, while retail investors absorbed billions of dollars in shares.
And $NBIS is still holding above $220. That's insane.
If the world is against the truth, then I am against the world. Lying lips are an abomination to the Lord! I’d rather be cancelled by society than rejected by Christ
@MooreDividends Ganz ehrlich: ich hab mit damit bisher quasi gar nicht befasst, weil ich mittlerweile jeder Regelung, die aus Berlin kommt, mit krassem Argwohn gegenüberstehe. Das war die letzten 10 Jahre einfach zu viel des Guten.
@ADuke08812702 BayWa zittert schon
STIHL hat kein Bock mehr auf DE
BASF strauchelt von Tag zu Tag
Beiersdorf auch kein Überflieger mehr
ThyssenKrupp darf grünen Stahl verarbeiten
usw...
@EndicottInvests I'm waiting. EMA9 weekly - make or break.
EMA21 daily lost
Could drop to around $185 again.
All the gains lost since earnings. What a hellcat of stock.
$NBIS
Make or break
EMA9 weekly straight on it.
EM21 daily lost.
But - no need to be concerned, if it breaks, we could see some lows at around $185 again
Would be a nice bottom to load up more.