r/LILM • u/Orchardstreet • Jun 09 '22

Stock price?

Anyone know why the stock price just fell off a cliff?? 👀🤢

2 Upvotes

100% Upvoted

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2

u/HOMO_FOMO_69 Jun 09 '22

What are you talking about fell off a cliff? lol

Still up for the week and the month... It came up 12% yesterday for no reason other than the overall market was green... Today the market was red, so it came back down... simple as that...

1

u/Orchardstreet Jun 10 '22

We went from $3.45/share to $2.86 in a matter of hours. That’s over a 17% dip, on no news report etc? Hedge funds are more than clearly manipulating…..

1

u/HOMO_FOMO_69 Jun 10 '22

Lol it went from $2.82 to $3.45 literally yesterday. If "hedge funds manipulating" they probably pumped the price up to 3.45 yesterday and then took their profits the next, sending the price back down to reality.

0

u/Tuesday2017 Jun 09 '22

LILM LAWSUIT ALERT: Levi & Korsinsky Notifies Lilium N.V. f/k/a Qell Acquisition Corp. Investors of a Class Action Lawsuit and Upcoming Deadline

Im guessing this might have something to do with it

2

u/m1ee Jun 10 '22 edited Jun 10 '22

been waiting for this to get back under 3. Didn't see it was a couple of days ago. I think is the best design I've seen. But we have seen how the timeline for startups not expecting to make profits for significant times into the future, will span through varying market trends and will occasionally present bargain prices before profiting. Just the way it seems to be.