There’s going to be more people hanging on to bleeders than ever before in a few years. Between stocks with cult followings to meme stocks (also have that evil hedge fund conspiracy) to alt cryptos, people really do believe some incredible things.Truly unbelievable what is being said on that board. America has gone to hell over conspiracy theories.
I’m amazed that this stock has held up as well as it has. People bought 10M shares today and most of that was after the announcement. That’s a lot of backstopping by believers after truly bad news. This stock was a $1 a share before the COVID talk took it for a ride. It’s not any closer on HIV/cancer than it was back then but people are paying double for it. That’s a lot of faith as @Capella mentioned their cult is buying more.