edit: SEC filings, not rumors.
Did you not see? Rumors here today that they own like 6% of the float and the major market maker on it. Chat was talking about it here today. That's enough for me to know never to touch it. I know the games jane plays - and this one isn't moving rationally. I highly suspected something on the last +80% CEO news meme candle (nothing rational does that) and this makes 100x more sense than EJ to me. Odds are he is the public figurehead, but not the guy actually pumping it
People were asking if I was going to buy back in or short it. Answer was simple "no" as I labelled it "very high risk". With this news both directional bets are now also negative ev. Never touching it. Don't forgot a bunch of very smart guys labelled it more or less a 0 from a fundamental POV & chat was calling it a P&D weeks ago. Seems everyone forgot...
Yesterday and today were just enough for the bers to come out of hybernation and lose more money if they didn't take gains quick. Man, the market is one slick bastard. I even had puts, until this morning. Then I got calls. :D