Cherish These Gifts...Buy what you can at these all time lows while the shorts wash trade this down today and tomorrow hoping for leakage from Joe retail. The good news is that their downside momentum is almost extinguished and will be gone next week when tax loss season reduces the support they have enjoyed during this classic sector wide maniipulation.
I have to admit, they did a really good job coordinating a sector wide-slam dunk, shorting not just the shares but sector-ETFs (causing additional selling pressure to mount during tax loss season). I guess the participating rouge analyst foreign trust and foundation bank accounts will be stuffed with cash in exchange for their very timely and negative reporting. Too bad the regulators are powerless to deal with the breadth of this kind of destructive stock play.
Nevertheless, bargains abound this week. Come on IS, issue some of the news next week that we know is coming, before they completely cover. Good luck to the longs - may the shorts get their creampie in 2022. JRMJ