Stay strong and do not surrender to the waterboarding We know that short sellers are controlling the stock price right now since they control the two levers : supply and demand.
Supply:by short selling (shares they don’t own) using short ladder down, stop loss hunting, wash/jitney trades… and by scaring existing shareholders to push them to sell. These two actions aim at increasing supply from two sources.
Demand: by scaring others and dissuading them from buying the stock to crush demand for the stock (repeated posts telling people the price will keep going down and giving mental references like 99 cents, 50 cents…)
The combined effect of this engineered pricing through increased supply and decreased demand causes a self-fulfilling prophecy of depressed pricing The economic uncertainty surrounding recession fears helps the short sellers create an atmosphere of volatility and urgency that they use to their advantage by enticing people to sell asap hoping they can force existing shareholders to capitulate and dissuading potential buyers from getting involved.
For this scheme to work short sellers must convince as many as possible to surrender without putting up a fight confusing correlation and causation while pushing different cards to convince and channel different crowds to give up their shares.
Let’s get real a moment why would so many people invest so much ATM(Attention, Time and Money) to convince you to sell while hypocritically claiming they only do it to help you out? Because they see you as their cash ATM.