Dont fall for shorters trick! PRE is Robust!I hit the messageboards and start saying, from a fake account of course, that I’ve heard from sales people at the company that sales at the company are way down this month. Nobody’s going to believe me because I’m just some clueless rube nobody has ever heard of before, but they’ll believe a second person (from another fake account I created) who says they’ve heard that too. A third person might be overkill, but maybe my third account says he’s heard there are job cuts coming. Maybe a fourth says he’s heard there’s been some fraud in the last numbers released by the company and bad news is coming.
‘We’ only need three of you to dump 10k of stock each and now you’re at 10% down on the day, which is where the stop loss triggers kick in and a bunch of folks busy at work, not watching their accounts, start auto-selling their stake.
So it is easy to see who those persons are here!
I know PRE pretty well don't fall for short sellers on this one. Pre won't go bankrupt