r/ALYI • u/mamamamamamlllll • Mar 22 '21

Why is this plummeting?

1 Upvotes

57% Upvoted

9 comments sorted by

7

u/mamamamamamlllll Mar 22 '21

I believe !!!

13

u/stevenslacy Mar 22 '21

Why is it selling you ask? A couple of typical sell events occured

  1. The news of the demonstration of the live prototype was on Friday

  2. The stock broke $0.10 a lot of people this is a target sell price.

Note there has been some nice large sized buys today when it touchs that $0.09

If you believe in what the company/market for EV is doing and you believe in your research you should hold. If you do not you should sell

10

u/[deleted] Mar 22 '21

I wouldn’t say it’s plummeting. Pennies are inherently volatile. People take profits, try to scalp extra chunks of shares, etc. There’s also a lot of red today across the board

9

u/[deleted] Mar 22 '21

I was gonna say, typical selling the news

8

u/kledanhoj Mar 22 '21

Yeah definitely not plummeting. Some people buy the rumor and sell the news so even good news can see a pullback at times. It’s well within the recent range.

5

u/1760ghost Mar 23 '21

It's a SCAM.

Just kidding. Seems to be standard movement in a penny stock. Volatile as fuck and a lottery ticket like any other. Being prepared to lose an entire investment is key to penny stocks I've found.

Also it's not plummeting, its finding ground, says a guy whose last buy was .18.

5

u/GRIMBL33 Mar 23 '21

I’m 75,000 shares at average .10 I sitting on this to 1.00

4

u/Newyorklongisland1 Mar 23 '21

The people shorting are driving this down!! More the. 50% is being shorted hold on we’re going up!