Faith in Andy, Miles and the engineers who are working on getting everything set up correctly. Not just blind faith. Due diligence obviously, but you have to have some faith in the expertise and ability to perform said tasks of the people in charge. How would you due diligence their ability to do so?
SP drop is simple. Massive increase in SP over 2-3 weeks prior to launch. Excitement garnered in a positive feedback loop leading to exponential rise. Based of excitement and FOMO. Even if there wasn't a CR of this nature, maybe the SP would have gone up to 1$ but would have still dropped back down because the fundamentals are way off. Keep in mind there is no revenue yet. Sellers selling because they wanted to get in hoping for a huge rise for quick profits but realized that wasn't the case. Some people taking profits too.
There is still a huge bull case for KSS IMO, just need time.
KSS Price at posting:
52.0¢ Sentiment: Hold Disclosure: Held
