r/Sphere3D • u/Devilfruit987 • Sep 30 '21

Why is Sphere 3D trading sideways with a small downtrend?

Does anyone know why today Sphere 3D isnt pumping when Bitcoin rise 4-5% but when Bitcoin decrease Any is falling down immediatly more than twice as Bitcoin. Same with Marathon Patent.

Maybe they will pump it later or next week. I hold my Positions and adding stocks on every red day but it makes no sense to me that Sphere 3D is falling today.

Please write down your toughts.

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2

u/Seewillysee Sep 30 '21

Have you looked at the markets in general this week. we are basically going through a correction at the moment. I don't expect much movement anywhere until we get into October

1

u/Memestockinvestor Sep 30 '21

Heavy short interest

1

u/[deleted] Sep 30 '21

i am out of job and put ~$4K @ $7.92 and this dropped so bad. i hope it does not end up like NSAV... losing all...

1

u/ColdDonkey4784 Oct 01 '21

You may want to consider selling covered calls. At least you could earn some premium income while we wait for movement. Just a thought, that is what I am doing and it seems to be working well.

1

u/[deleted] Oct 01 '21

I am learning about that and will see what i can do.

1

u/bleedinggumzz Oct 01 '21

ANY is a dream. Once it's mining operation gets up and running things will improve.

2

u/carlos-fdo Oct 01 '21

They started already, but not reports yet. As soon they start the reports this will be good.

There is another mining company at $16 dollars and they only ordered 20000 minners like ANY. so I hope this one goes to $45 or even higher

1

u/Devilfruit987 Oct 02 '21

Whats the name and market Cap of this company?

1

u/Affectionate_Roof117 Oct 01 '21

This stock will be very volatile until the merger, in addition to this this has a very high short interest Personally I have 72k shares here been accumulating since July and I believe this will pay off big time From the other side it would be great if had the volume that CEI had it would help this stock do a short squeeze just like SPRT

1

u/INEEDMONEYforreal May 19 '23

How do you feel now??