$Hall of Fame Resort & Entertainment(HOFV)$Their upper management are still intact without any resignation. Same as for Lucid Motors $Churchill Capital Corp IV(CCIV)$. No one would want to stay on in a dying company or one with no future. The company is doing ok. It's still in its early stage.
There isn't much faith for investors due to current outlook. Buy volume is lesser than sell volume (with short selling) over 5D period. There will be SEC regulation on naked short selling in these few days which should help against this suppression.
If you can hold and please hold, DCA down if possible. If not, hold HOFV and buy better growth/recovery stocks.
Prepare an exit strategy. You may put a sell limit for a small postion for 10% to 20% profits and hold the remainder for future PR news or stock action. This is what I did for AMC before it dropped from $14.7 which I closed completely as it trending down towards my cost price.
If you want close, take losses and think you could reinvest in another stock to recover the loss. Be sure to make better buying decisions otherwise you may have to have another episode of bag holding.
Legalisation of sports betting to more states and PR news on NFT may see some short term boost. As with the last one, it didn't last long which resulting in many bag holders. I am one of them. Being delusional and in denial, thinking it will increase back as it decrease into double digits, triple digits losses and into the thousands for some.
There are good outlook in the future as NFL season starts 9-9-2021. As future PR news leading to NFL, Phase 2 of HOFV project and of course their quarterly financial reports. Hopefully stock price might be in a more positive trend by then.
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