He’s only still holding because the stock dumped before he could. He’s currently bagholding his own P&D.
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You think if it hit $48 or so he will dump? I think he’s gonna dump the second he can/will keep increasing his stop loss. So if it hits $52 he will stop loss $51 etc. I’m buying puts if it hits $48. I think it will dump extremely fast to $35-$30 the day after he dumps.
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I personally don’t think he’ll have the chance to get back to 10M on this play. He would’ve had to cut at the psychological level that everyone pumping this was (obviously) going to… and he didn’t. That drop killed all the momentum and whether or not “he got his”, most people trading this will have moved on since today is ex-dividend and the “PT” was hit.
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