its not the frenzied buyers, its that stroke of genius BB. Its artificially propped up the price (on low liquidity) since the heavy nose bleed started. with only ~181m SOI - falling with every BB (about 50k a day!), theres very little liquidity.....theyve used that to their advantage well...
risky shorting (although in theory a no brainer), but plenty have ridden the rodeo (buy during the dump on FUM announcement day, wait for the SP to slowly grind on BB - rinse repeat). works a charm.
Overall trend is south, terminal at maybe "asset backed" ~$900m mkt cap ($5 p/s)? $300m buffer right now that will move with FUM. Heaven help what the next two FUM releases will reveal.....
MFG Price at posting:
$6.94 Sentiment: Sell Disclosure: Not Held
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