Recently, some knock-off stocks have been causing trouble:
$folks: Dropped from 45 to 3.8, then rebounded from 3.8 to 7.1. Brothers in the group who were desperately holding losses are starting to have hope again.
$giggle: Dropped to over 40, then rebounded to 72, now over 60.
$beat: From 0.6 to 3.3, then dropped to 1.6 and rebounded to 2.8.
$cys: Dropped to 0.19, rebounded to 0.34, went down a bit, and is now rebounding to 0.34.
$pinpin: From 0.17 to 0.5, went down, and is now back to 0.43. Why do I remember this so clearly? Because I've been shorting these tough targets all along. 🥹 These are basically strong short-selling opportunities, not suitable for either long or short positions, because they have a million ways to take you down. Even though I'm quick to exit, I've still been stopped out many times.