$CleanSpark, Inc.(CLSK)$ OK, we have what I believe to be the most plausible explanation for this morning's machinations and it falls squarely on the Bureau of Labor Statistics, who later this evening has come out and apologized for accidentally "LEAKING" the CPI data around 30 minutes early. You don't say (sic). I mean have they EVER not recanted a single government statistic for the past 20 years? The real question might be, "and why is it considered 'early' if the data was available? It was EARLY because they failed to release the data to Broker Dealer Network on Wall St. ahead of time - so they could set their books for the ensuing onslaught of buy orders. In essence, they were conducting their routine morning head fake when they got blindsided and wound up with no inventory for distribution, hence the sharp plunge downward to cover the shorts they'd made prior to the "leak". Unable to do so with an ordinary pullback, the MM's were forced to drive the price even lower to find the capitulating "weak" hands necessary to right their balance sheet. IMO had this not been the case, CLSK would have closed $2.00 to $3.00 higher than we actually did. At the end of the day, not a fair deal but I won't complain, I did exceptionally well for the simple reason that I've learned to buy when they are buying and sell when they sell. (by the way, nobody will be selling diddley-jack ever since that announcement for the simple reason that we currently still have 34 million shares that remain short.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments