🧵🪡 A post for all americans to understand the $SIVE / $SIVEF ”hate” from the Swedish community, written by a Swede.
5 years ago the swedish retail investors was all about buying speculative stocks and hoping for quick returns. Many small cap stocks pumped 5-10x and the valuations were astronomical, and a lot of retails learned a big lesson and lost a lot of money when those stocks pumped and then quickly tanked.
The swedish small/medium-growth index First North All-Share has been in a long downtrend and bear market since this time and is currently valued at lower levels than before Covid-19. During this period Sivers has gone from $0.7 —-> $4 —-> $0.3 —-> $3.3 and this have probably traumatized a lot of retails. Now investors want to see complete evidence and with no hesitation from Sivers and the customer on top of exact order value to be convinced. It’s all about hindsight BIAS from Swedish retails in my opinion.