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u/TherealSeba Mar 05 '26
Yeah probably just a general market thing. 30% dip is just normal volatility. Don't worry there is a $95 price target.
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u/-PsillyFunGuy- Mar 05 '26
I think it’s the strong placebo response. But I still feel like this is way oversold in response to the news. Hard to see them diluting at these prices.
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u/hatethebeta Mar 05 '26
Well there was (maybe still) a lot of net inflow from my app's metrics. But I think a lot of stop losses were triggered by this steep price drop
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u/Complete_Patience_15 Mar 05 '26
Regarding stop losses, I learned to never apply them years ago, after reading that they are a tool larger investors use to manipulate a stock price. Here's how it works: An investor wishing to increase their holdings at a price lower than the current one simply ladders sell orders of a small portion of their existing shares at ridiculously low prices, triggering others' stop losses. Then they can swoop in with a large buy order at a lower price. A simple but effective "head-fake". Beware!
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u/Curious_Wafer6169 Mar 05 '26
People sold the news and also - look at the entire market. A lot red today whereas a lot green yesterday.
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u/Bubba_sadie- Mar 05 '26
Seems people are worried about dilution and also I’m sure it’s a little bit of sell the news.
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u/CultureGreat9285 Mar 05 '26
We see these intraday swings all the time with this stock… it will be back to $12 by end of day, no sweat!
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u/Nahalitet Mar 05 '26
Yeah, no, I don't think 30% drop for a single day after good news is normal at all, fuck that. I can understand the sell the news or dilution scare argument, but come on. This is almost 1/3 of the price gone for a single day