I don't really want to provoke numberfaggy discussion but I just have to know.
What the fuck happened here? Didn't Cover post a pretty good financial report yesterday? They hit the lower cap of how far their stock can fall in a day.
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Was there some red flag in the report that I missed or is it just some big wig selling of their shares?
it is stock, if you can make sense of it you would be millionaire
but anyway, Cover stock has these particulars:
Cover stock are
not owned by mysterious investors lurking the yahoo website, but they are owned by investment funds. Which is basically a company that took people money and buy random stocks. It is the duty of these investment funds to make money off these stocks, they can't just sit on it forever
Name in blue are Cover staffs, the rest are all investment funds.
Because Cover corp does not pay dividend (something that is actually expected of most companies). The only way an investment fund can earn money off Cover Corp stock is...
sell high and buy low.
You are just witnessing that happening. Cover stock got really high and companies started selling. That's it.
also another perspective is that Cover's stock has been inflated by a bit if say look at their 1 month value
See how it started climbing non-stop since Feb 2nd and after that huge, massive drop it ... goes back to feb 2nd value? It simply is the market correcting itself. Probs has nothing to do with the financial report and would have happened sooner or later.
I actually found a wayback machine screencap from Feb 2nd that the 2 biggest stockholders 12 West Capital and Strive Inc, did not buy or sell their stocks. It is a sign that these 2 investment funds believe Cover stock can still go much much higher than the peak of 3400 yen 2 days ago. Unlike the rest who sold.
Anyway it's stock, just don't give a shit about it. It goes up and goes down, who cares.
suposedly, investors had a really high and exagerated goal that wasn't met, even if the achievements were outstanding...
yahoo "investors" aren't real investors. It literally is a forum like TVA. It might have had some value back when it was a tightly knitted thread of 4 people, but now it has already been invaded by a bunch of shitstirrers by both holodrones and nijisisters. And the Selen drama actually added in a new wave of EOP & SEA posters. Please don't take their shit as gospels. It's as incredible as the guy you stole this info from 4chan.
Even if some of them actually own shares, it is something really miniscule like 0.0000000000001% share.
You see that Axxxxion SA on the picture owning 0.008% share at $500? That still is an investment fund.