There was another law that went into effect on 03/19 that was supposed to dramatically decrease shorts. It didn't. Today about 40% of AABB's volume was shorts. At least it's down from the 50%+ it was running, so maybe it did kind of work.
A good article on stock manipulation. Sadly, I see almost all the points the author listed with the AABB stock.
This plus the $1k loss I took between Gamestop and AMC (I only put in what I could afford to lose and got out with a decent amount of cash left), reinforces that I'm just gonna stick with my boring dividend stocks. I don't have the patience, intelligence, diligence, capital etc. to do the day trading or trying to time the whole "buy low/sell high" shtick. I'm just gonna stick with something that has a good dividend payout (MPLX has been treating me well) and set and forget it. Dividend payouts follow a pretty reasonable and measurable process - Does the company have the cash currently and forecasted to pay the dividend? And you can just look at their financials to get a sense of that. Cash is one the harder items to bullshit on the financials. Live and learn, I guess.
Monday morning my stocks were worth $4200. Now they're worth $2100. The company announced the release of their crypto that everyone has been waiting for and released a positive financial report. And the stock lost half it's value. Not being manipulated at all.
It could also be a bunch of insiders unloading their stock... sometimes shit like that is tied to "effectively releasing the app", etc, so that they were restricted from selling until then. It could also be a bunch of investors driving down the price to get it dirt cheap. Who knows... a lot of it is an inside game, if you ask me.
Yep. It is what it is. There's some insider stuff going on for sure. If you look back to last Thursday I posted some shenanigans I'd spotted that day. Right at closing there were a flurry of low volume trades for .3999. Then after closing there was a transfer of 1M shares at .42. I speculated that it seemed like someone knew something, like maybe the coin was going to be released the next day. It was, with no PR. It's all a game and eventually the stock will climb to where it should, it's just annoying to put up with all the bullshit between now and then.
The article did mention people bashing a stock as part of the manipulation. I've noticed a correlation between people bashing/gains...ie....when the bashing gets heavy, the stock goes up. The bashing I've seen tonight is more than I've ever seen. So I'm thinking there may be decent gains in the next day or two. We'll see what happens.
I mentioned VSTO in a previous post as a relatively non-volatile bet. When the market tanked across the board yesterday (literally all but two of the 50+ tickers in my watch list were red yesterday), it dropped to the low 28s, making it a solid buy in my opinion. Outside of my hunch on the ammo demand surge and their huge backlog there, their other outdoor brands are booming from new COVID hobbies. This is worth a read. I've got several shares (and will be getting more to average down again) as well as a 4/16 30c that shouldn't have trouble printing. Unlike a lot of the craziness going on elsewhere, this feels more like a fundamentals play. Do your research, obviously, but for those looking to try their hand at something other than mutual funds or ETFs, this is a decent one to look at (per the article I linked, a lot of mutual funds also invest in it). Outside of that, and going back to the red day yesterday, MRO has been a decent safe haven on down days. It has typically been an inverse of the market. I got in around $8 about 6 weeks ago and it's floated above $10, and as high as $13, ever since.
funny timing. I’d been watching vsto for a while, since I’m a consumer of a lot of their products, and have a buy order at what it closed yesterday (I’m sure I could get lower on a dip around the usual 10-11, but the risk of missing it isn’t worth the risk of it going higher — I’m fine at $28.58). Money was earmarked for more GME, but im no longer interested in playing with it and will sit on what I have until/if I can cash out in the green. Next target for me is some $ASO. Another company I’m very familiar with and have been a consumer for a long time.
Someone started a rumor yesterday that AABB is a Chinese owned company and that it's in danger of being delisted. ....and I'm in the red again. $1800 in profit gone plus $200+ in principal. It'll probably climb back right around yesterday's close, but damn is this getting irritating.
I finally got to see this morning's pre-market info: AABB lost .04 on four trades of 2500 shares each. Retail cannot trade after hours or pre market, only the big boys. Kind of interesting that they're trading just a handful of shares when they usually trade in blocks of millions. Watching this happen makes me realize exactly why reddit did what they did to the Wall St dickheads. It's gotten a lot worse than it was when I was trading years ago.
heh, I actually bought the dip correctly with that one. Now I have a full share and I'm stopping there. Okay boys, now you can moon it or whatever. Or at least until about $300.
I ended up +$200 today. It could've done that with out all the fucking drama. I'm also pissed I didn't have the funds available to dump into it when it ran down to .22. Oh well, there's no profit or loss unless I sell and I'm seeing this as long term, so as long as it comes out of these manufactured dips no harm, no foul.
Just put in a GTC for some $NAT on Monday. Anyone else looking at tanker stocks, banking on the Suez Canal thing taking a while and increasing demand on the tanker industry? I made a bit for me (a few hundred) off $TRCH when the Texas snowpocalypse hit. Figured if I was busy in hell might as well make some money for living through it. Or at least that’s how I justified it morally
I know a few people who are buying South African ETF's due to the increased traffic that will go through there. Apparently the last time something like this drove traffic there it had an insanely good impact on the local economy. Go figure.
I'm at the weird point in my life where my portfolio can go up or down by a few thousand dollars a day just due to normal fluctuations, but I still have thoughts like "today is Tuesday, so tacos are only $0.99 at Del Taco."