Just because a stock drops from $20.00 and traders who bought at the top lost 90% cause it's $2.00 now.
That alone means nothing.
if you buy it for $2.00 and it drops to .20.
You just joined the club too and are now down 90%.
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I lived this one, waited out the dip, thought i had a solid entry and bam...down 60%. Took some days off, and studied entry points, and trends.
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All low float IPOs in general get shorted after IPO. Never touch a new IPO on the first day. It’ll get its love from being down 90% in the days following. Wait for it.
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