With DiDi Glo IPO yesterday and commanding the share volume in million range and there are also NIO Inc, MRIN, AMC and who know which is the new meme stock that is being focus today. So MMAT, like Clover Health, Clean En, Apple and even the hot favorite Gamestop and BlackBerry losing attention and trading only in share volume of thousands, it is only logical there aren't much actions.
My point is, we need to scan through the market and identify which are the ones which chosen to be voilitited. Without volume the stock is slow and it is the best environment to cook us like "cooking a frog in a pot with cold water slowing turn to boil".
Needless to say no gap for buying low to sell high...blur, blur, blur. However, suddenly a certain stock, let say- MMAT, catches the attention today and by the time we noticed, the stock price may had already shot up and when we managed to get/force buy our way in, it may be its time to plunge ( like DiDi Glo yesterday). We become a sucker.
Once again, allow me to use MRIN on Monday as an example, the stock price can within 2 to 3 hrs shot up 135% of the its price. So we never know will it happen to MMAT today or not, therefore i must say it is everybody guess and the million dollar question... Good luck waiting for the good durians to drop... and happy fishing,...hahaha.
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