Sorry Gucci, I'm not a long term holder but a trader in this...

  1. 2,778 Posts.
    lightbulb Created with Sketch. 40
    Sorry Gucci, I'm not a long term holder but a trader in this stock. Had some great trades in the past with this but have been caught with this last trade.
    Only bought in because of a rumour that was / is going around about a buyout by the Chinese.
    Not that I believed the rumour, but I thought if I had heard it then others would have as well and the share price rises on the rumour. Now in hindsight this seems to be completely ridiculous as to who would believe it.
    I am led to believe that the ( sell off ) from the recent highs at .079 were the same broker that was accumulating in the mid to high sixes.
    I don't know if anyone here recalls the million plus buyer that pushed the price up 7%? he/she could have picked up the shares for a lot less just by sitting one point above the market but this dude decided to place a buy order 6 points above the market price. This is a text book Classic pump and dump
    This alone should have been the trigger for me to sell , a classic pump and dump and I just watched it, always go with your gut feel.
    Win some you lose some.
    Hopefully something was learned from this, and hopefully no one is hurting too much.
    I will now hold until Feb 2021, that's when the big announcements will happen . LOL So I'm told.

    Sorry I can't add anything about the company and their products, only looking at trading.


    Cheers
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.