This was the most predictable stock the last week ive seen in a long time. Listen “bulls” im gonna just say that we tried to show you all the red flags, all the sketchy things about this stock and you saw it as “stupid ass bears trying to drive this down” while that might be the case on most stocks that get shorted, the people here had a reason to be bearish and there was plain evidence that this company was a fraud. A lot of you are very hard headed and i think now is a good time to explain that this perception of being a bull or a bear is a farce. its for stupid traders that dont fully understand the market and how it works. Im not anywhere close to perfect either, but the important thing to take away from this is that fluidity in the market is what will make you money. Learning to see through the BS and look at the public perception of things, along with financials and hard facts. It means you shouldn’t always be bullish or bearish on any stock but learn when to change direction to profit accordingly. THAT is what a successful investor does. Being a real investor is frustrating and its stressful. It takes a lot of patience and control to watch profits go negative thousands sometimes if you have to; in order to regain profits. Its not for the weak minded or slow learning. I am not trying to spread any hate or be mean, but as a seasoned trader im trying to tell you that this news is BAD. There will be lasting repercussions. So set yourself accordingly and learn to be fluid. I made money on calls and puts with this stock the past week and a half and its almost doubled my account.
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