Disclaimer: None of this is investment advice. The logic here may be bad and should not be relied upon. My assumptions may be bad and should not be relied upon. This post reflects my opinion. I may hold positions in securities I write about, and I believe in what I write.
As I totally expected, Evofem is taking a beating Monday morning. To reiterate my belief from the beginning, it just needs to extend its current four-day streak to get to the 10 needed to close at or above $1 to regain compliance with Nasdaq’s listing rules. Current trend is up, but still all I care about is that buck.
I don’t yet see any 100K+ share blocks, but I expect that to change this afternoon.
Our favorite twitter user @joey88walsh dropped this insight:
Again, not at all asserting he’s part of an illegal short and distort campaign. I do think he’s wrong, though.
ICYW how someone with such a small following could possibly have any impact on a larger level, social sentiment, S-Score, is now a metric available to retail. I find it hard to imagine it’s not part of many automated trading algorithms.
The S-Score is a normalized representation of social media sentiment over a lookback period. The S-Score measures the deviation of changes in sentiment intensity of a given stock. The S-Score answers the question, “Is the conversation on Twitter about a particular stock significantly more positive or negative than normal?” Higher levels of sentiment indicate a stronger reaction. High positive sentiment indicates a security is statistically likely to move higher. High negative sentiment indicates the security is statistically likely to go lower.https://web.archive.org/web/20210725180913/https://www.fidelity.com/webcontent/ap110398-researchsnapshot-content/16.13/help/Learn_More_About_Social_Sentiment.pdf
The more negativity out there, the more it shows up in this chart.
I expect the tweets to be purged again this evening lol.
Dominic Raab is in the news again. He is not related to me, and he’s an embarrassment to the Raab name and should change it to stop making me have to clarify that he’s not part of my family.
But you can benefit from his idiocy! Get 22% off #raabidfun T-shirts at shop.raabidfun.com now through the end of the week. Just use promo code NOTDOM22.