They plunged ~50% early last week after rumors of bankruptcy and now they gone up 100% over last 3 days.. I came out just before and losing good chunks π‘
They threw enough people into the volcano to appease the investors
GME effect. Meme stocks gonna meme...
All the dogshit stocks are up today like carvana, AMC etc. The worse it is the more the gains. People probably just covering shorts due to CPI release tomorrow
CPI hopium
$wish had pops on the way down
Pump and dump. Don't be left bag holding.
Meme stocks are irrational. Their price depends on demand from reddit users. Everyone tries to pump and dump there.
Degen retail investors
They were waiting for you to sell
Stock market is super unpredictable
I know that, but what would be a reasonable reason that they bounce after news of bankruptcy π€π€
You will find a reasonable reason the moment you stop thinking of stocks as the business. In this environment most low quality stocks are like Bitcoin. No inherent value but a market value assigned through sheer willingness of people to buy and sell.