grego45
4 years ago
Very narrow bid/ask today for a change. Monday was nerve wracking with lower volume/the monthly low, but BLIAQ's been resilient since. The only day it opened below 2 cents since January 27.
Netflix Blockbuster documentary generating interest, that along with the GME rally which was the major catalyst for the new support. Seeing more chatter on the BLIAQ boards, people asking which brokers you can get it on. Good sign.
This board's quiet, Stocktwits, Twitter picking up steam. r/BLIAQ going strong. Yahoo Finance's board is well... interesting. Definitely some characters on there to say the least.
grego45
4 years ago
30 straight trading days of 300k volume. If action/squeeze chasers weren't here you would have seen a resumption of January's patterns with 0 volume days.
Smaller meme stocks taking a hit recently (NAKD, EXPR, KOSS, BB, NOK). Won't average up yet but there will be a point where it's very very attractive to load up again.
GME creeping up TSLA 2020-style, I'm up 300% on that but still wish I loaded the dip more lol.
grego45
4 years ago
In theory, yes, but we live in a world where Dogecoin is valued at $0.05. If enough volume comes in then it's suddenly not free money for shorting hedgies. Especially if their hand is so blatantly face up by getting too greedy and shorting too much.
Value is about perception. When a stock is so heavily shorted, the possibility of a short squeeze is enough to crate value for individuals, even if there is no "fundamentals" behind it. Once again, Dogecoin is still at $0.05.
A new all time high for Gamestop stock would a pretty reasonable catalyst for BLIAQ to squeeze big again. There's enough interest in BLIAQ that people are still talking about it all over, 5 weeks later. I mean, that's what we're doing right here. Isn't it?