RE:Where are all the fear and doubt turds who said sell at $3?Here is this clown NoStupid again, who is absolutely clueless about the markets. Clown sees a few green days after the stock has been down for 2 years and gets excited. This clown thinks there is some kind of short conspiracy out there when ever a stock goes down. One thing I have learned in over 20 years on these boards is, any moron that keeps mentioning some kind of short conspiracy is just that a MORON and should not be in the markets or they are a promoter. Go to any stock board that is tanking, you will see these morons the loudest and constantly pinning the blame on some short conspiracy. A good example go to any Cannabis stock board. These morons still think the shorts are solely responsible for the 90% collapse in the sector. And you have fools that actually buys this nonsense.
Anyways moving on, nothing has changed fundamentally in the markets. If anything it is getting worse all over the word. The housing decline is getting worse in North America, Chinese banks are holding withdrawals, Chinese citizens are refusing to pay their mortgage, their economy is about to collapse,etc.
The only reason the markets have rallied the last 2 weeks was solely because of Reddit. They sparked this rally as a FCUK YOU to the Feds after the record interest rate hike. This will not last, Reddit are only known for one thing and one thing only. PUMP AND DUMP. Take a look at all the MEME stocks. They are up anywhere between 100 to a 1000+% the last 2 weeks all pumped by Reddit. The markets and majority of the stocks got a boost, just look at the bankrupt Cannabis sector, every MJ stocks were up 30%+ for absolutely no reason. CGC just wrote down 2 billion and the stock pops 20%. Lol. BBBY popped 300% and the company is on the brink of bankruptcy. Thats all it is. Morons like NoStupid will never understand this. Kid is a CLOWN. Now get ready to watch as Reddit bail and dump the markets. It is already happening. This is why I keep encouraing people to trade the volatility. It is a fools game to buy and hold and average down during a Bear markets. Make the easy money and get out. The markets will eventually recover but it will not be this year. Maybe early 2023. Cheers.
p.s. As far as WELL goes, I am definitely looking forward to the earnings. The only good sign is it is being released pre-markets.
https://finance.yahoo.com/news/meme-stock-mania-august-8-2022-143753607.html
https://www.cnn.com/2022/08/08/investing/meme-stocks-bed-bath-beyond-gamestop-amc/index.html
https://www.forexlive.com/news/the-meme-stocks-are-back-in-full-flight-and-the-fed-is-watching-20220808/