The next few days may see slight bounces. But unless there is major positive catalyst, the stock will slowly bleed. Investors need to manage bleeding stocks well. With constant minor volatility, it is more difficult to gauge the probability and direction of the stock well. More frequent trading more result in more losses. Yet staying still is not idea either because the stock just keeps going downwards.
This has happened before even after Elon has sold off all his shares to purchase Twitter, yet the stock continued to slide because investors could not clearly see the road ahead. This happened even when the broader market is rallying. Yesterday was a perfect example of this phenomenon.
Investors be ultra mindful and brace for impact.
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