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Why is $SOS so low? Some DD and thoughts.
Many of the investors here might be wondering why $SOS is so low if it's such a great company. I'll offer my perspective on why we're seeing the price at $4 right now instead of the $40 we're all expecting.
Many of the investors here might be wondering why $SOS is so low if it's such a great company. I'll offer my perspective on why we're seeing the price at $4 right now instead of the $40 we're all expecting.
I'll start by saying that I have been in $SOS since January so I'm able to offer a perspective on the stock's behavior from back when it was in the $2's, through the rally to $15, and to the $4's range that we see now.
First, if you guys haven't noticed, recently every time $SOS has had positive PR, the response is massively suppressed. We see the stock wanting to surge on many occasions but in the end the news does not permeate into mainstream and the run is blunted.
In fact, the last good news that sent $SOS upwards into a bull run was the installation of the first set of rigs and receipt of the 2nd set of rigs. The stock went from $4 to $15 in 2 days. After this, the hit pieces came out and the institutions dumped in corrupt coordination.
From SEC filings the biggest stakeholders at the time, Hudson Bay Master Fund, Intracoastal Capital, Anson East Master Fund, and L1 Global, sold 23.8 million shares during the rally to $15. The only major position in SOS right now is L1 global with 2.5 million shares.
EVER SINCE THE SELLOFF
No good news has been able to take off into a bull run. When $SOS installed the 2nd set of rigs, when they announced their digital asset exchange (NFT) and big data business, etc.
No good news has been able to take off into a bull run. When $SOS installed the 2nd set of rigs, when they announced their digital asset exchange (NFT) and big data business, etc.
A few weeks ago, when they announced the digital asset exchange and super computer news the stock went from $6.50 to $8+ in premarket and in a few minutes after market open the stock was dumped and ended up closing at $6.20.
Then we had the surge from the rally on April 7 where the stock went from an intraday low of $4.20 to $6.20 in after hours. The next day we traded as high as $6.50 and again the stock was clobbered soon after and closed in the mid $5's.
Then there was the announcement of expansion into the US. Stock jumped from 5.20 to 5.80 in the morning and sold off below $5 in the afternoon.
The days always start the same, you'll see it jump $1-$2 instantly not slowly during the day, instantly and then we see massive suppression. The initial jumps that we do see remind me a lot of the February run into double digits.
So what does this mean?
For me this means that there is nothing wrong with the company, in fact, on the contrary, the amount of manipulation could be a sign that institutions really want to load up on this because they like it.
For me this means that there is nothing wrong with the company, in fact, on the contrary, the amount of manipulation could be a sign that institutions really want to load up on this because they like it.
Since November many institutions have been wanting to buy #BTC 
, however, many of them missed the boat after the rally in December and were left dumbfounded. They didn't want to enter at $40k they wanted to enter at $20k, pre-rally prices.
, however, many of them missed the boat after the rally in December and were left dumbfounded. They didn't want to enter at $40k they wanted to enter at $20k, pre-rally prices.
The same institutions that were pumping #BTC and inadvertently pumped it to $40k said "we could see retracement to $20k" and that it needed a "massive correction". And we saw hitpiece after hitpiece forcing #BTC from the ATH of $42 down to $29k.
and inadvertently pumped it to $40k said "we could see retracement to $20k" and that it needed a "massive correction". And we saw hitpiece after hitpiece forcing #BTC from the ATH of $42 down to $29k.
At that point it didn't go down much lower. What happened after? A TON of companies loaded up at $30k. Two months later BTC is at $60k.
The same companies that were talking shit were the ones that loaded up.
*Will continue soon*
The same companies that were talking shit were the ones that loaded up.
*Will continue soon*
