AfterHour logo
Profile Photo

SIRJACK

$7.72M

Aug 11

$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.
Security Icon
WE
$63,469.41
314205 s
Today
-
-
All time
-15.37%
-$11,531.32
34
🍆
22
30
47
🚀
75
👍
59
17590 views
Comments (10)
Profile Photo
Aug 11
Bought this morning but took a bit of time to sync. At time of posting, $WE was at $0.2019 Currently waddling in fetal position at this dip praying to Lady Fortuna 🙏
👍
5
Profile Photo
1% of my portfolio is $0.10
🍆
2
🚀
7
🚀
Aug 11
Definitely a risky play, thank you for being clear and up front on that though!
1
1
Profile Photo
Aug 11
Wish you joined us on some low float SPACs 🙌🏼
5
👍
1
Profile Photo
I kind of hate you for making me even consider this. But let me think on it.
1
💎
Balls
🚀
Aug 11
Bought 1 share
Profile Photo
Aug 11
Got in yesterday at 0.19 have a order to sell at 0.31
💸
Aug 11
All the best on this one, too risky for me. Probably means you’ll net a big win!
Profile Photo
Aug 11
Look at AMRS.