retail capitulation perhaps? Many moons ago, there was a squad in here pumping SE1. Needless to say, they’re no longer lurking in here but if you think things are bad here (which they are only getting worse IMO) take a look at the SE1 chart for yesterday’s move.
Fundamentals don’t apply to this stock and if there’s anything to speculate about it’s the chart. .57 once was the iron wall and .44 is the new Great Wall of selling pressure.
We’re approaching historical support hitting 52 week lows, hitting this will only increase short interest in this toilet of a water stock.
makes you think if you had of invested in water ETF’s and indexes 5 years ago from inception of the 2 companies we’d be a lot better off sitting in here watching ours and more especially Morgan’s money disappear lol. Expensive but an important lesson.
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