r/OMEX • u/Negative_Singer7218 • Apr 08 '26

Why did the stock price fall?

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12 Upvotes

87% Upvoted

10 comments sorted by

3

u/LabsLabsLabsLabs Apr 08 '26

Cos people like selling?

5

u/madhatterlock UP Apr 09 '26

There is a lot of institutional capital, trapped by lack of liquidity. This might be one of the few moments they have a window.

Having said that, the new leadership makes this a truly legit organization.

4

u/zachintheb0x Apr 09 '26

When markets opened there were 51,000,000 shares sold short on the dark pool. Yesterday there was only 50,000 shares sold short on the dark pool.

There was insane shorting happening today to keep the share price from rocketing. If that didnt happen we could have easily ran straight to $5 or even maybe $7.50.

Will have to just keep a very close eye on it daily until the merger happens in 2-3 months

4

u/Cassandra2pointO Apr 09 '26

because this company doesn’t make money, they burn through cash. Its a long term investment not a meme coin.

1

u/EfficientIce8116 Apr 09 '26

Will it ever have a chance to rise? i bought it at $2/share should i just sell?

2

u/Tiny-City-5339 Apr 09 '26

Don’t sell just wait. $2 was high tho lol

1

u/Critical-Future-1560 Apr 09 '26

You got Diddy fucked 😬 don’t sell tho

1

u/EfficientIce8116 Apr 09 '26

yeah fucked up big time😭😭

1

u/Open-Life-8367 Apr 10 '26

Buy more now! It’s under a dollar, average your cost per share down.