$Genius Group (GNS.US)$ Can someone interpret what reaction ...
$Genius Group (GNS.US)$ Can someone interpret what reaction we could expect from the news? Also why today and not tomorrow for the earnings?
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MuscMoo : reaction to them having a significant increase in earnings and performance? it's opposite world so I bet it drops a bit for remaining shorts to cover, then goes up. but who knows when
Sean Parker : I agree with @muscmoo, usually people sell on good news. i think its so the price will drop low enough for the big players to buy in. i would hold and hope for the best over the next week.
Sean Parker : ive been holding this for months myself. the school sounds like it should make a ton of money eventually. i bught more if your curious
MuscMoo Sean Parker : yeah, the issue is you would need to know what the playbook is of every single market maker and hedge fund who owns this or who is shorting it..... that's why Buffett found great companies and held them..... even the biggest pros in this business can't tell you what's going to happen day to day
Jaguar8 : They have the option to release ER early that’s why it got posted today. The rise in stock price depends on a lot of factors aside from a good PR like market shorts, naked shorts, SI, market sentiment etc
Sean Parker MuscMoo : on second thought, i kinda feel like the reason the price goes down on good news is because everyone has to sell their shorts. they sell low which lowers the overall price. once they all cover their shorts itll start going up i believe. i could be wrong, im still learning too. that makes sense to me though
MuscMoo Sean Parker : def a factor a lot of times. I mean the reported short interest is fairly low for this company but it's still there....
Jaguar8 Sean Parker : The DP is 117M so played more factor than market shorts . Too much shorts on and off market. If there is continued buying pressure like FFIE GME AMC, then it would soar. However, the absence of PR will make traders continue buying and holding