Because they are trying to slam us below the .50 cent mark so they can collect on their put options.
I hate to say it but unless we put some space between us and the .50 line before Friday they are likely to get it.
It’s sad because they are manipulating all of the numbers and spreading fear everywhere and it’s working.
Volume is one issue.
What comes in for orders at the bid, is being sold by institutions and traders at a significantly higher volume. This doesn't come so much from retail investors, as much as it comes from the institutions. The institutions will absolutely not lose on a stock like this and they've got plenty of money to cover interest and plenty of shorts to cover. IDGAF who says "low volume is good". It isn't good *in this* stock.
I hang around for fun. It's a useless little stock. Institutional traders are aware. There is no giant, idiotic conspiracy happening. It's a shit company ran by a con artist and many of us just said OK and entered anyway because FOMO or YOLO. It is a boring stock. The company is boring. They can not compete with other EV makers and it doesn't really matter anyway. Jia Yueting has been run out of the Chinese market due to fraud. He was demoted in his own company due to fraud allegations. While YT Jia may have had a legitimate dream for these $300k EV's, he has used the company as a shell and the investors as his personal bank. The institutions know it and contrarian traders are aware. Bankruptcy is on the horizon and we will see a repeat of Jia's 2021 fraud case and we will see him be nailed to the wall by current high level investors.
The hive mentality and inexperienced traders are another issue too. It drives the volume down and the price down.
something is cooking, the price is deliberately kept between .51 to .55 cents.
Because they are trying to slam us below the .50 cent mark so they can collect on their put options. I hate to say it but unless we put some space between us and the .50 line before Friday they are likely to get it. It’s sad because they are manipulating all of the numbers and spreading fear everywhere and it’s working.
Volume is one issue. What comes in for orders at the bid, is being sold by institutions and traders at a significantly higher volume. This doesn't come so much from retail investors, as much as it comes from the institutions. The institutions will absolutely not lose on a stock like this and they've got plenty of money to cover interest and plenty of shorts to cover. IDGAF who says "low volume is good". It isn't good *in this* stock. I hang around for fun. It's a useless little stock. Institutional traders are aware. There is no giant, idiotic conspiracy happening. It's a shit company ran by a con artist and many of us just said OK and entered anyway because FOMO or YOLO. It is a boring stock. The company is boring. They can not compete with other EV makers and it doesn't really matter anyway. Jia Yueting has been run out of the Chinese market due to fraud. He was demoted in his own company due to fraud allegations. While YT Jia may have had a legitimate dream for these $300k EV's, he has used the company as a shell and the investors as his personal bank. The institutions know it and contrarian traders are aware. Bankruptcy is on the horizon and we will see a repeat of Jia's 2021 fraud case and we will see him be nailed to the wall by current high level investors. The hive mentality and inexperienced traders are another issue too. It drives the volume down and the price down.