$WE: EXTREMELY HIGH RISK PLAY
WeWork warned of "substantial doubt" about their ability to stay in business on Tue, the stock crashes 38% on Wed, but then on Thurs it soars 140% at it's peak with insane volume. Makes no sense at all.
But it's starting to smell a lot like HTZ YELL TUP but with much more brand recognizability and a flair of GME AMC BBBY meme action
And WSJ did just say this week that "Meme Stocks Are a Thing—Again" https://www.wsj.com/articles/tupperware-yellow-rite-aid-meme-stocks-soar-c31cf56f
The thesis is simple: everyone that’s wanted to sell has already sold over the last few years. But now all of a sudden there's a ton of volume on this and the hope is basically for a ridiculous bounce as this gains steam on social media.
The main thing NOT going for it is a small short interest ratio, I think 2.21% according to TDA app. But with 83% institutionally owned (with Softbank owning I think 73%), this really is a momentum-fueled retail-bounce lol-meme play.
In for 314K shares at $0.2387. Will be impossible to telegraph when I sell since this one is moving so fast, so please everyone use independent thinking and only buy if you can stomach the risk. Could dive 50% randomly and you need to be okay with that. Reminder that this is literally just 1% of my total port.
All time
-15.37%
-$11,531.32