Key insights
- The author describes a pattern of significant pre-market gains followed by intraday drops and subsequent recovery in a specific stock, suggesting potential institutional manipulation to shake out retail investors. While the author has seen personal profit, the described volatility and potential manipulation do not provide a clear leading indicator for broader US equity market movements.
For anyone who's actually in on this, or wants to get in, please bear in mind the following:
- The stock has absolutely fucking rocketed in overnight/pre-market hours since early last week, then it opens flat and drops 3% - 5%, then goes straight back up into double-digits and continues climbing through the day.
It also did this on Friday. It was up +35% pre-market and dropped to negatives on open, then ended at +35%.
What it looks like to me is a hedge, institution, etc. pumping the numbers to make it look really tasty, then dropping it at open to make people sell thinking it's crashing, but then the dip gets bought out.
Just what I've noticed from last week, I put $25k in at around $3.50 for $4c calls - around Wednesday(?) - currently up $100k+
Mods will likely delete this, but it's worth a try