Say you are right and it stabilizes at $25.
That still puts it at 5x what it was trading at in June.
The $5 share in June was artificially low. And hedgies were trying to push it even lower before the short.
Dfv can take a loan out against his stocks and invest in other stuff.
Wsb is trying to pump AMC and Blackberry. 2 more companies that have the potential for bankruptcy.
But they are holding long for Nokia. Which is like holding Fannie Mae/Freddie Mac. The government won't let Nokia fail. And Nokia is building out infrastructure to be the 5g competitor to huahuei. So they have long term viability.
Say you are right and it stabilizes at $25.
That still puts it at 5x what it was trading at in June.
The $5 share in June was artificially low. And hedgies were trying to push it even lower before the short.
Dfv can take a loan out against his stocks and invest in other stuff.
Wsb is trying to pump AMC and Blackberry. 2 more companies that have the potential for bankruptcy.
But they are holding long for Nokia. Which is like holding Fannie Mae/Freddie Mac. The government won't let Nokia fail. And Nokia is building out infrastructure to be the 5g competitor to huahuei. So they have long term viability.
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