Sounds like multiple instos are looking to cash out at low loss or small profit… It is common in these situations to hire authors and brokers to adjust their views and publish “pump” articles. Sheeple buy the news, then when it rises to a break-even point, instos dump large holding and cash out, to put their money in more useful places. Meanwhile, retail holders newly bought into the hype are significantly out of pocket, especially when the previous negative sentiment materialises in the form of poor earnings/increased costs/new debt that hadn’t been previously announced, but instos have their connections.
Seen this movie before. Spoiler alert, it doesn’t end well.
You don’t have to trust me. You can buy the hype and live the re-run of this awful movie yourself. In 5 years, you will be me on another board saying the same thing to people who laugh at you and refuse to listen. Its called experience and wisdom.
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