Be patient. Go look at $NEGG as a model. $SPRT could surge again like yesterday? I could also consolidate and have short bursts up a buck or two then back down. Lot's will take profits, no doubt, but when the short buy backs really begin this can (and probably will) jump over $40-$50 in a day by early next week. Either way. Analysts are saying after the merger GREE will be worth $40 per share. I think they are under estimating this wildly... IMO this play will trounce RIOT and MARA by mid-September. SO long (and short) of it is hold if you can. Don't be swayed by some bloody flushes. Attacks will be coming hard and fast.
I just loaded the boat on $BRQS will be $12 by year end As well as $CPOP and $xela ans $BSQR and $RCAT $PBTS all these network and computer companies will fly in the coming weeks just look at $NEGG and $MRIN
Most popular stocks are down, don't let the shorts take your money by selling your $NEGG shares to them. Just look at how much $GME, $AMC, $ALF, $MRIN, $SPCE, $NVAX, $VXRT and so so much more are down these past few trading days. This is a good time to be adding, not selling.
EVERYONE EXERCISE YOUR ITM CALLS BY THIS FRIDAY AND HOLD YOUR SHARES AND WATCH THE MAGIC HAPPEN. $300 By next Friday. $IRNT $AMC $GME $SPRT $NEGG $ATER
Its nothing wrong with this stock $NEGG but market is bad today due to inflation which is pulling all the stocks down. I will sell now and buy it when it is less than $20
I'm a big believer in short squeezes, but I doubted the phenomenon when $GME was $4. I was about to buy it, but I bought GPMT, instead, at the height of the coronavirus market collapse. (GPMT then immediately fell 70% from $8 to $2.5, while GME held steady.) Needless to say, I have been kicking myself ever since for doubting the facts that were so clear to see. $NEGG will make me feel better about that big lost opportunity, though, because it will pass $100 a share as the float is only like 3 million, and it is $AMZN lite.
China has a population of 1.4 billion people, and $NEGG is practically all owned by a public company in China. This results in $NEGG being exposed to a huge investor base from that alone. If just 0.01% of China's population are drawn to invest in $AMZN lite, $NEGG will have 140 thousand investors from China alone. What if it becomes 0.02%, 0.03% or 0.05%? Can you say, "huge buying pressure!"
Is $DDOG worth $33 billion? No, of course not! Is $YMM worth $17 billion? No, of course not! Is $SNOW worth $78 billion? No, of course not! But, they are worth that much because their floats are so small. Similarly, $NEGG, $AMZN lite, will be valued very highly, because the founders hold 99% of the shares.
People just have to have patience. Invest long term, you will get rewarded handsomely for your patience, because both $NEGG and $SPCE are bound to go over $100.
The $NEGG message board reminds me of the $CVNA message board, back at the beginning of the coronavirus stock market collapse. $CVNA fell to $20 from $140, and all the shorts were riddling the message board with horrible comments about $CVNA, yet I knew the facts and leaned on them rather the nonsense that the shorts were spewing. And, the facts for $CVNA were that it had over 100% institutional ownership, and a huge short interest. It was a $GME like situation, and lo and behold, $CVNA went up to $85 during the worst of the market collapse, while all the other stocks were falling 80% or more. Look, $CVNA is $320, today.
The $NEGG message board actually has more longs on it than the $CVNA message board had. In fact, I was the only long on the $CVNA message board. The facts shall prevail for $NEGG, too, and the facts are that $NEGG has only like a 3 million share float (99% owned by insiders,) and it is a China plus large tech plus gamer stock.
https://swingtradebot.com/equities/NEGG
The $NEGG message board actually has more longs on it than the $CVNA message board had. In fact, I was the only long on the $CVNA message board. The facts shall prevail for $NEGG, too, and the facts are that $NEGG has only like a 3 million share float (99% owned by insiders,) and it is a China plus large tech plus gamer stock.
Pure covid play stronger than $MRIN $GCOC $NEGG $AMC
$AMC $GME $SPRT $BBIG $NEGG