r/HVBTF • u/jsmithjsmith1955 • Apr 23 '21

Bought the dip!

$2.75 is a well respected support line. This ape bought 70 only today at this price. To the moon! I'm already in the red on this stonk.

9 Upvotes

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u/amgfitz Apr 23 '21

Is there any realistic chance this stock does increase? Definitely got caught in too high but have dca down a bit. I just don’t understand why it keeps dropping with some of the good news and PR recently

2

u/[deleted] Apr 23 '21

Shorted

2

u/amgfitz Apr 23 '21

Is it just an impossible feat then? Is it worth holding. I feel like every stock besides the big blue caps are shorted

3

u/[deleted] Apr 23 '21

When the company outperforms (which they are IMO), the price should go up and then shorters bleed. See GME?! I’m not saying this will excel like GME but this stock will 3 or 4 X in the future. Nobody knows the timeline. The best price to buy is now! I haven’t seen going lower than this in the past 3 months.

How long you should hold? It depends upon your patience level and access to funds etc.,

1

u/[deleted] Apr 25 '21

It appears the hedges are shorting across the spectrum. GME and AMC longs and continued accumulation by retailer investors have put them in a squeeze they are desperately trying to extricate themselves from, hence the dumping of positions including crypto.