Post by
Forestview on Jan 28, 2021 10:15am
Share Dump
I'm wondering if this share dump is people selling in order to buy GME, AMC, NOK, BB, etc. The mentality being they can make a quick buck and come back to ATE. Again, it's dropping on no news. It's one thing if they released news that was negative. This is just extraneous impacts.
Comment by
IrishCanuck on Jan 28, 2021 10:19am
Yea that was my thinking yesterday. Massive drop yesterday on not enough volume to warrant it, someone must have been desperate to get out. Remember 106k today is more than 1 million before the consoloidation and we didn't see that volume for long stretched last year.
Comment by
MrMugsy on Jan 28, 2021 10:57am
Can't wait to see who's still standing when the music stops for those companies. Guessing the shorters will win ... as they'll reposition their shorts and take advantage of the massive drop that's coming.
Comment by
Straylight on Jan 28, 2021 11:20am
I was thinking the same thing too. GME aparently lost something like $400m last year. Buying a company that is losing money for 3x what it went for a week ago only makes sense if you think their fortunes will dramatically change. You might beat the shorts in that scenario in the short term, but eventually it will catch up with you. Hence todays price drops in GME and others.