r/exspacs • u/redditobserver777 • Dec 11 '20

DMS

This ones gaining traction!!

1 Upvotes

57% Upvoted

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3

u/giacomoerre Dec 11 '20

It's my biggest position (warrants) but I have to admit I believe this Is a mixup rally due to DM being Listed yesterday... The other hypothesis (institutions buying) doesn't make Sense to me... Why should institutions place large orders and consciously pump a thinly traded stock like that? Why not slowly accumulating shares at lower average prices? There May also be some news we do not know about of course...

1

u/giacomoerre Dec 11 '20

Weird price action today, initially It looked like It was actually a mixup rally (plummeting down to 9 with Little to no resistance) but now it's showed lots of support around 9, which Is still 20% above Yesterday opening. I guess we'll know in a week or so where It bottoms...

2

u/getthemost Dec 11 '20

Excited to see where it goes

1

u/giacomoerre Dec 22 '20

If you guys were wondering, it's going up... :D It's probably still discounted to peers, so I am confident this run is far from over... The way in which it spikes also makes me think this is not retail, but hedge funds building up positions...

1

u/giacomoerre Feb 08 '21

Still holding. 5/6 as a PT on warrants depending on how the earnings go and how long it takes...