Originally posted by noob0
Now to justify why the mc is correct at this level,,, was to high at $1.60,people were warned ... Where to next? ... 40s
seems like
@noob0 has gone fishing in 2019, but his call of 40's back in August after much ridicule has panned out.
who would've thought?? quite amazing drop really & quite humorous reading the" it's hit the bottom", "will bounce" & SP hit higher low according to the chart" etc etc since.
re; escrow holders selling, they put in their funds 24 months ago, saw the SP rise spectacularly & could do nothing just sit & wish they could sell like some others & now just cashing in for whatever profit they can. They may have bought @5 or 10c, still healthy bagger on big money.
I don't see too much wrong with that concept, just unfortunate for current holders as SP drops. Just IMO.
Hope AC8 rises soon for all retails holders here. Even as a non holder I feel for the many in the red, not good feeling, that's the stock market I guess.
