/biz/ - Business & Finance

>>21850777
I prefer turbo bull Dave Portnoy wallstreebets zoomers to the bitter hateful bears that came out of the woodwork in March. Ah well, silly money always gets crushed up by the market eventually, that's why they call the S&P "The fatal mother of hyperstitions, she of innumerable numbering names who shreds all that stands"

>>19208386
Muddy Waters dd (guys who called rucky coffee debacle) came out with report saying they got ahold of user data, 70%+ of users are bots. Corroborates reports from Citron (bad track record but have correctly called stuff like this b4) saying that company is giant chinese scam. Word is out they're the next LK.
I would be more cautious but the price action and volume profile on them is deranged. Yesterday someone clearly set up an unlimited buy wall at 33.00 exactly. Why come? Their CEO has pledged 318 milly in stock meaning they're at risk for a giga margin call if their stock drops below an unspecified price. Yeah... I'm thinkin it's 33. Today they seemed to notice that people noticed, and changed the buy wall to 33.50, very subtle. Volume profile at each level is absurd, people are already exiting there. Basically someone is putting themselves at risk of hemorrhaging unthinkable money to keep the price above 33 bucks, what happens if they run out of ammo?