I've noticed a lot of the posters on hot copper in general like to say a stock is manipulated or institutions are selling with rarely any evidence to substantiate these claims, and to no surprise to myself this has been common place here on credit intelligence forum as well.
I personally have been trying to compile reasons for the large sell off.
-Failed capitals raise.
-Overheated enthusiasm around the YOZO BNPL service. (I personally dislike this part off credit intelligence business.)
Reasons from simply wall St
I personally think the SOI at 1.5b is way too high diluting shareholders real return and that investors are looking at a raging bull market with unlimited fiscal stimulus and historically low interest rates and can't imagine mass defaults.
Personally i hope it is some of the reasons listed above causing the sell off meaning its cheap right now and not something more sinister at play.
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