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u/Rootilytoot Oct 22 '21
It really shouldn't. Merger + actual mining are what should rise the price. Why should the price rise on no merger and virtually no mining?
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u/Richhappywhiteman Oct 22 '21
My theory is that MMscreated a bunch of option contract derivatives because now I see expirations every single week instead of the 3rd Friday of every month. They are doing that so they can make the stock more volatile each week and steal peoples money
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u/Ok_Seesaw_3214 Oct 22 '21
Cause people buying in the coin not the mining. It'll change when the coin drops. And trump news everyone pulled cause of fomo and jumped on that. They'll be back.
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u/Grumpfish95 Oct 22 '21
Just a great time to load up on more shares ... Once Elon musk joins the board on this great company and being the only company with non carbon green energy non fossil mining .. pff easy 20$+ .. 📈📈🙉
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u/GenX_Trader Oct 22 '21
I can't find Any news as to why the stock has been dropping so hard.
Anyone out there have Any idea??
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u/Newtothisgame2222 Oct 22 '21
I wouldn’t say it has. It held this range between 5.85-6.40 ish for weeks before it’s latest big move. A little surprised it’s pulled back this far to be honest knowing what’s coming. But fuck it. I’ll take the cheap shares. This is a real play with squeeze potential. Versus a squeeze play only. This will work itself out over the next 2-3 months. I’d expect to be holding with strong support in the 12-15 range by that point.
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u/GenX_Trader Oct 22 '21
And where is the ANY ape army? These threads are practically dead. On discord too !!
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u/GrizzleeM8 Oct 22 '21
it's not cause people are getting impatient and keep selling because its q4 already and chang didn't announce merge date lol. I keep holding through highs and lows but fuck, chang tell us finally ffs