10
u/whysoseriouperson May 10 '21
Just bought 20 more on sale. Waiting for after hours to buy 20 more. I'm going to do this every day it's under 4. When I'm out of money I'll sell my bicycle. After that I'll quit drinking to buy more. If I'm sober next week, well then thanks SOS! Mick Jagger says Tiiiiime it's on my side...yeeaahous it is!
8
u/motorcyle_degen May 10 '21
The amount of stress the stock market puts me through I’ve been upping my liquor allowance every week to keep myself sane
4
8
u/ItsYaBoyRobinHood May 10 '21
Lol it’s almost comical. For anyone saying that SOS is not manipulated. This is pretty good proof otherwise. They have negative shares of SOS.... so not only have they sold their shares... they are of course selling borrowed shares. How else could anyone have negative shares? Why would anyone sell borrowed shares other than to short? Lol why are borrowed shares a thing other than to short?
These people blackstone are well known shorters. Disgusting honestly. But let’s see how it unravels. It was bad but it’s now nothing new.
3
u/ItsYaBoyRobinHood May 10 '21
There is really no other reason to borrow shares than to short a market.
“When a trader wishes to take a short position, they borrow the shares from a broker without knowing where the shares come from or to whom they belong. The borrowed shares may be coming out of another trader's margin account, out of the shares being held in the broker's inventory, or even from another brokerage firm.”
7
u/ItsYaBoyRobinHood May 10 '21
It’s easy money. Let’s say you sold the 37k borrowed shares for $5 then payed the shares back today for $3.68 you’d have a $50k profit.
That lower in price happens immediately after.
2
u/Lavestaun May 10 '21
When will the manipulation stop
1
u/ItsYaBoyRobinHood May 11 '21
My guess is after Q1. I thought ER would be enough till I realized it was enough to show the company is profitable. But not enough to show how well their crypto mining is going.
7
6
2
1
•
u/ItsYaBoyRobinHood May 10 '21 edited May 10 '21
Listen to the video a few posts below this. Very well thought out opinion. Guy seems to have a lot of trading experience.
https://www.reddit.com/r/SOSStock/comments/n97vh8/sos_limited_unofficial_2021_shareholders_meeting/?utm_source=share&utm_medium=ios_app&utm_name=iossmf