What to expect for tomorrow...
Ok guys, I will try to guess what's gonna happen!
1-It's gonna be terrible in the AM... you will see all the retailers bailing out... they shorted 600,000 shares in the last 10 minutes to scare the hell out of you!
2-Since it's gonna be retailers that are gonna sell, they won't even need to short anymore... because they created the panic! What they will do instead is cover their shorts...
3- Why will they cover their shorts?? Simply because, a succesfull ICO means the end of the SP... means multiple $$$... Now, this has a tiny float... 80 millions fully dilluted... it can go back up pretty quickly and easily... in fact, you've experienced it last Friday when they put the countdown on the twitter account... remember how fast it went up?? They were blindsided and they needed to cover...
4- So they will need to cover and make sure this won't go up before they are completely covered... but at the same time.... do you think they want to risk going over the weekend with shorts??? ABSOLUTELY NOT!
So strangely, you will have retailers selling, and these guys buying!
I wouldn't be surprise if the stock goes back up in the PM!
Good luck, hopefully they don't want to drive the SP to 0,10$ before they stop!
The chances of shortsqueeze are high on APP because of the low float...
I bet that management is not sleeping right now, and are calling everybody they know to lineup buyers!
Keep the faith, this drop has nothing to do with the quality of APP... it's an organized short attack!