Wow what happened? I thought 550 was a good price
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Certified Bull enthusiast✅Professional Yoloer with hands of steel💎✊Patience is key to get in a solid position.📈
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CEO of Apes OP : Oh, is it because of the split?
pootpoot CEO of Apes OP : the company is undergoing stocksplit now before october
Capoo CEO of Apes OP : the strong support was at 464-493, it was bound to slide down till it hit 493 and then rebound
10baggerbamm : you have every institution out there shorting the stock right now. they're just creating an avalanche of sells by shorting it
Money Thrill 10baggerbamm : Indeed, many algorithms are selling![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
CEO of Apes OP 10baggerbamm : Hm, interesting. I don’t follow up with this company that often. I guess I’ll wait till this cools off before entering. But man at this point it’s looking really good to go long. Will be waiting to see some form of recovery before entering
10baggerbamm CEO of Apes OP : you're stepping in front of a train right now you have enormous put buying to send it below 500 which was done you have all these algorithmic programs dumping they're shorting the piss out of the stock and many are naked shorts. you got a lot bigger balls than me if you're going to step in and buy I'm steering clear
CEO of Apes OP pootpoot : That’s what I thought as first after they announced mediocre performance in earning’s but the sell off seemed excessive.
CEO of Apes OP Capoo : Looks good.
I’ll be looking out for an entry
104238715 10baggerbamm : very curious - where do you guys find out about hiw much is algorithm selling and naked short?
actually many are saying market will retest the recent low, looks like will be this week. that means SMCI is going down further.
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