We are in a good support level this past week, and better than previous weeks but I dunno....I just added 400 more shares last week in the high 12s and now I look like an idiot, dont I??? LOL
My honest opinion, nobody on the planet can say whats going to happen. I have a feeling we are in a strong position of power but dirty tricks behind the scenes can come into play or even honest ones. Plus............
There are major institutional holders still out there that have nothing to do with the short selling, at least on the official level such as Blackrock.
So lets say Blackrock decides to dump millions or shares. Or lets say that Blackrock finds the short interest very attractive and decides to load them out the Shytadel, if they havent already.
Last week, after we saw a big price hike the price crashed in pre-market. That was more than likely Wanda selling off billions of shares. Who would have known??????
So really I cant give an answer of what may happen Monday morning, I myself am considering adding another 70 shares and selling off my NIO if it stays in the low 12s after 90 minutes after opening. and buy on a small sell off rather than chasing green.
Ill add Im not even looking at the sell button unless it hit a minimum $100 and then I start thinking. Thats my plan, I take it from there and see whats going on. That not an expectation, its more of a hope. At $100 that would be a nice improvement on my life even after taxes, but Im hoping for a more life changing event....if it hit $400 or $500 somewhere around Gamestop levels, crap Id be dumb if I didnt sell most of my shares and hold a few just in case it did hit something stupid, which I dont think we will see 100k levels anyways, but what if?? Im holding at least 1 share in 5 different brokerages until the very end of the road.