I posted to get short at $1.75 and while I was out of the money for about a day I have made nearly $200k since. I am still looking to get short because if this breaks $1.12 area it will head to $97c - 1.00. If it breaks that decisively - look-out back down to 50c area or might even re-test the lows at 30c
Anyone looking for answers e.g. Blackrock, more bad news, HFT, Roy Hill etc need only look at the Balance Sheet and do some sums. Its all there in my previous post and its still trading at 2 x NTA and is still the most expensive MS company. Anyone who thinks there isn't a CR coming can't read a Balance Sheet and shouldn't be trading
The runup was purely due to those looking to make up losses from $4 + purchases and short covering. The shorts are now in at well over $1.50 and riding this harder down so there won't be another rally like that. As the $4 + buyers realise this is there last opportunity to take their money and run there will be another leg to this dump.
FGE Price at posting:
$1.15 Sentiment: Sell Disclosure: Held