LogFAQs > #965300776

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TopicStock Topic 37
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05/25/22 6:16:22 PM
#39:


Like the stock tanking 20% off of that news is a massive overreaction.

At worst it's delayed till end of June. No one with shares should be remotely concerned. The paperwork, filings, etc they are all in place, the tickers are showing up on brokerages. I do kinda think covering needs to occur by Friday. I would need to dig to be sure.

In any case now we may see something more typical to the Overstock run-up, with gradual increases until distribution. I was always super confused why there was a gambit to mass cover Friday.

Of course, we could just get mass covering Friday too. The more I think about it the more I think that's going to happen. Stocks never run up when you expect them to.

I'd def buy the dip if I had any money to buy shares right now. As it is I sold some shares (at around $2.60 when the news was fresh) because I needed some cash but yeah.

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