枫叶-
imaginative Camel_38
:
The pre-market decline continued to plummet 10%Mainly, the current market trades based on bankruptcy and liquidation, rather than measuring meme stocks in the midst of large fluctuations
Doug Saddler
Murdoc
OP
:
Most of the volume is from rolling over short positions. Also keep in mind how much a stock can realistically move. $1 to $10 is 1000%. "They" aren't going to allow it to run like that. this isn't like HKD where hedge funds were pumping it for collateral.
In my opinion, BBBY isn't worth diamond handing and there is a relatively short window to get in and out. I'll be keeping an eye on the option chain and seeing what momentum will carry into next week.
Doug Saddler : Looking for around $9 on Thursday, but we'll see if it can keep up the momentum.
imaginative Camel_38 : my target is still 10. this could go a lot higher though
Murdoc OP Doug Saddler : Damn why that prediction?
枫叶- imaginative Camel_38 : The pre-market decline continued to plummet 10%![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Mainly, the current market trades based on bankruptcy and liquidation, rather than measuring meme stocks in the midst of large fluctuations
Doug Saddler Murdoc OP : Most of the volume is from rolling over short positions. Also keep in mind how much a stock can realistically move. $1 to $10 is 1000%. "They" aren't going to allow it to run like that. this isn't like HKD where hedge funds were pumping it for collateral.
In my opinion, BBBY isn't worth diamond handing and there is a relatively short window to get in and out. I'll be keeping an eye on the option chain and seeing what momentum will carry into next week.
Keep an eye on MACD and RSI.