$BLUAI 88 hours ago this thing was squeezed 40% up on a $2.5B FDV nobody could justify. Two days later shorts piled in on a -43% crash while longs still outnumbered them 62/38. Now it's sitting at -27.7% from that first flag.
No squeeze, no rescue, just a slow bleed while longs kept averaging down the whole way. The mechanic that usually pays out here is a crowded short getting run over, this time the crowd was long and the market just walked away from them instead.
NFA.
No squeeze, no rescue, just a slow bleed while longs kept averaging down the whole way. The mechanic that usually pays out here is a crowded short getting run over, this time the crowd was long and the market just walked away from them instead.
NFA.