Not sure about that - I'd say that a lot of day traders took in a cool 5%+ today on this stock. Not a bad snack when it works out.
I'm fairly confident GMV will hit 50c when the CFDA approval goes through. FDA news has an uncertain timeline, and will also cause a spike as will news on the China based factory entering production.
Oh - I don't begrudge day traders going for quick gains. You pay your money, you take risks, you earn what you earn. What I do hate is the bots and the fakery that happens (e.g. evaporating 300k sell orders) to manipulate the stock price. I still don't understand why bot manipulation is legal.
RA
GMV Price at posting:
30.5¢ Sentiment: Buy Disclosure: Held