Remember regards, the goal of the market is to make money and not hold worthless paper.
Restricting the supply of $CAR stock is causing a temporary spike in the price.
Whoever is restricting the supply is doing it so that…..drumroll…..sell even more shares at a higher price and eventually dump those high priced shares on the dumb public.
As a matter of fact, management has a fiduciary duty to capitalize on the high price and issue more stock and retire other expensive sources of financing, like debt and other stock classes. So, if they do not dump more shares via a massive offering, they will be sued by current shareholders, i.e. the dumb minority retail traders. There could be a more serious case, if small retail traders can prove that the large shareholders are communicating during this price hike, whether in a fair or nefarious manner.
I will short this shitco down to $100 or below where it belongs.
$CAR will end badly for everyone involved
byu/value1024 inwallstreetbets
Posted by value1024
11 Comments
History does not rhyme, it repeats itself though!
Bro you think the SEC is gonna do shit about anything going on here? Get a life. Actually if a small time guy makes a shit load of money, they will do something.
Don’t know why people are attracted to this stock when it’s being manipulated by two players selling from the left hand to the right hand. Do you think you’re a genius player that can overturn a rigged chessboard?
All that for a $50 put spread?
Be a real man and naked short the shares if you are so confident about your thesis.
SEC doesn’t care unless YOU make money
I think once the Market Cap > Total debt, they are gonna dilute these apes 50%+ (at least)
It doesn’t repeat, it just finds new bagholders
Of course it will, but probably even worse for shorts, I’d rather gamble on the upside with a small amount and exit position same day and accept that it’s 100% a gamble
I believe you but the puts are just too damn expensive at this point.
The question is when to buy puts…
fuk this market, market makers and Institutions man.. they are all behind it..