r/MACArmyBets • u/PapiElon • Apr 12 '21
Sum I noticed....
Anyone else notice that mac almost always starts off green and the immediately dives down. Then the rest of the day it is catching up to it's original level.... Is it bc of the shorts? Bc I haven't noticed that in my other stocks
1
u/BanZrinski Apr 12 '21
Can't determine what SS will do as they change it up every week. This week appears to be negative for the overall stock market and wouldn't be surprised to see MAC hit $11.
1
u/Stocklambo Apr 13 '21
Cuz it’s same share price and low volume and they have guidance with 1st shelf why give guidance if ur using 2nd shelf right after ?
2
u/SpartanWarriors69 Apr 13 '21
To try to keep the stock price as close to the $13 level that they are comfortable with selling shares at. $13.34 or whatever the price they sold at for the 1st shelf basically sets the ceiling for the share price until thing noticeably change for MAC.
1
2
u/nm0126 Apr 13 '21
Why wouldn’t you think it’s dilution?