1-24 reverse split!
$ShiftPixy(PIXY.US$ That leaves 149,000 shares at a price of 15.84. Loaned out shares should be called back meaning the stock will free trade or straight up bid/ask trade. That is after the rest cover. They havent announced a date either which shorts may be waiting to find out.
The market has had more reverse splits this year than all the stock markets years combined. The reason? While I have no explicit evidence of direct government buying, the recent trading patterns would certainly support the presumption of government involvement.
Buying came in 2020 and some of 2021, each time the major stock indexes broke below the short-term support areas. True investors would not buy there. They would prefer further selling, which would facilitate buying at more attractive prices. Clearly the buyers did not want to see technical sellers add to downward pressure. Such buyers need not be government. They could be large trading firms attempting to keep positive momentum alive. There are not, however, too many entities with the buying power necessary to turn markets in their desired direction. And we know that the government wanted to keep prices rising.
The market was at it highest overbought and overbelieved condition ever. Should investors bet on government success or on the underlying fundamentals? Clearly government won at the beginning but who pays for the losses? The companies? The investors? Consider carefully, however, whether the market can withstand the current losses that are occurring rapidly in most asset classes as confidence wanes and investors become afraid.
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101698445 : bro, when is the reverse split for shiftPixy?we need to sell before reverse split or hold ? thx
Trytosaveabit : Hey @Mcsnacks H Tupack ! Thank you for this awesome synopsis! I very much enjoyed reading your take on the current market situation! Very astute! Again thanks for sharing!
qkeep : Totally agree....
Its coming...
Mcsnacks H Tupack OP 101698445 : They didn't say. Only that the board decides it and not the investors. They haven't filed any paperwork on it. I'm holding because shorts usally cover whenever they hear of a RS happening.
101698445 Mcsnacks H Tupack OP : thx
Mcsnacks H Tupack OP Trytosaveabit : What should piss off investors is to think about where alot of the money went from that buying. Into the rich CEO's and officers of these companies which most were and still are struggling. But how else are you going to get the elite and rich to go along with whatever plan they have been implementing the last 15 years. What reminded me of it was that this same thing was happening in August of 2010 which at the time was the worst August on record since the 1930's. And it was because the FED was trying to unwind the 2 trillion dollars in stocks it had been buying since the 2008 crash. They had to reverse that idea around October and start buying the stocks back.
Mcsnacks H Tupack OP 101698445 : I like this premarket signal. It's showing that short shares are being called back since there aren't any shares available until the $16.00 ask.
Trytosaveabit Mcsnacks H Tupack OP : So the Government did the same thing in 08 ? Yes I do think they do lots of thing’s behind our backs that they have zero business doing! And when you say elites. I’m assuming you are talking the Klaus Schwab types?
Mcsnacks H Tupack OP Trytosaveabit : Elites are just owners of large corporations. Yea and it didn't work in 2008 either because they still had those stocks on their books in 2020. It was 2 trillion that time and this time it was around 6 trillion. This could have also funneled money into Europe and China thru government owned companies on the market. This is why US signed a treaty with China on January 15, 2020. It allowed China's banks and mortgage companies to buy and sell US bonds and stocks amongst other things.
Trytosaveabit Mcsnacks H Tupack OP : Grrrr! Not to mention all the land that they seem to be buying!
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