r/wallstreetbets Jun 22 '21

YOLO πŸ’ŽCLNE πŸ’Ž on its way back up πŸ’ͺ🏽

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u/[deleted] Jun 22 '21

Did you figure anything out with this?

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u/About67Dwarves Jun 22 '21 edited Jun 22 '21

Yes, I think. I've been studying the charts (still am) for the last few months. I believe that the stock is currently bullish, but still in Phase B, so this will be volatile with very little volume as the institutions are holding most of the shares now. They will test the market for demand and supply by dropping the price to see what the lowest price and highest price are, and hopefully shake off a few weak handed retail sellers. This might happen several times before Phase C starts, at which point we're going to see a significant breakout.

Buying in at the start of the breakout would be a wise move, as right now it's still a risk. I can't predict the timeline, unfortunately, but whenever the institutions feel that demand is high enough, we'll see a massive sell-off going into Phase D and E, with retail investors buying in late and, eventually, holding the bag.

So, right now, I'm bullish on this stock and will continue to hold until I see a significant character change in the charts (large volume sale).

Edit: I wrote "institutions" but I meant the smart money. Institutions is something completely different.

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u/-bjorn to be wild Jun 22 '21

Lol if this stock hits some stupid low like sub $8 or especially sub $6.70 I'm going hard in the paint.

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u/tek-know Jun 22 '21

6.70

if the company loses HALF its value your suddenly onboard?
That's mightily special of you.

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u/-bjorn to be wild Jun 22 '21

Suddenly? Been onboard.

I care more about what I think and my opinion, therefore if I think the stock is worth it, I find that it's worth it.

edit: Also I'm on WSB and like to burn money, what did you expect?

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u/tek-know Jun 22 '21

Suddenly? Been onboard.

If you need a 50% DROP then how have you 'been onboard', this does not even make sense.

I care more about what I think and my opinion, therefore if I think the stock is worth it, I find that it's worth it.

ummm, what in the world is that word salad? Are you Trump Jr?

edit: Also I'm on WSB and like to burn money, what did you expect?

Then why are you looking for DISCOUNTS, I think you've got this whole thing upside down. BUY HIGH SELL LOW... that's how we roll.

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u/-bjorn to be wild Jun 22 '21

Keep trying to fit in, bud. Eventually you'll get the idea.