Q: Bonk Guy's portfolio has shrunk by over $15 million, and his PONS holdings are down nearly 70%. What do you think?
A: It's not uncommon for prices to rebound after all the bad news is priced in, so there's no need to rush to a conclusion. I'd use the high before the news came out as the dividing line: holding above it is a bullish sign; falling back below it is bearish.
$PONS It's currently at 0.3189.
#PONS
A: It's not uncommon for prices to rebound after all the bad news is priced in, so there's no need to rush to a conclusion. I'd use the high before the news came out as the dividing line: holding above it is a bullish sign; falling back below it is bearish.
$PONS It's currently at 0.3189.
#PONS