@themomentumplay Because it’s genuinely harmful to newcomers when they see someone TA $BULL XYZ breakout to $200 when it was trading at a $50B MC.
When those TA drawers didn’t account 99.5% of the float being unlocked the next week.
Sorry ended up deleting my $BULL post about dip buying.
I trusted the news + other posts about institutions selling. Did more research and it turns out to be a 445m share unlock, which was 30% of the float.
One insider likely sold 3m anticipating the share unlock causing further price pressure.
Could rebound buy but given how many shares are unlocked + $BULL fundamentals it’s a seriously material in event. You’re free to take your own risk given this info.
@Jack64128896 I thought my post would be banned, but it ended up being banned. At the same time, the postponement of the earnings announcement was announced
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- Beyond Meat has 9 million fails-to-deliver shares, closing deadline is November 3rd
GameStop was on the Reg SHO list for over 15 days before its big squeeze ⬇️ $BYND $GME
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