Hello,
This is our time to shine my bear bros! I waited for this moment my whole life! I constantly wait for the moment to make money while others suffer.
If you have been in this game for more than 6 months you know that Credit Suisse is a losing story.
No one wants to buy this dead bank. And even people "on its side" have targets way below where the price is right now.
UBS made claims about possibly buying CS in the future, which would provide a lot of liquidity (from noobs throwing their money into the fire).
As usual casuals are all long, 99% of IG clients are long. Humans are broken, I think they are part of a different species than mine.
And what is the best way to make quick profits? Short selling a stock that has fallen by 90%, if your broker and regulator will allow you to.
This pos is going to zero and there is nothing these 🤡 can do to stop it. History will repeat itself with mindless monkeys trying to "save the stock market" and to "save" a "reputable" bank. It's a lot of fun to see stupid people make the same mistake, but if these stupid people actually would let us make money from their mistakes then it would be even more fun. The more they try to "save" steaming piles of 💩, the more slow and painful it will be as well as harder to bounce back from.
This will at least be a lesson. A lesson to have several brokers (which I do) because they typically have the regulator pressuring them to protect "rEtAiL tRaDeRs" eager to buy shares such as this "thing" and lose everything they have. I have to be 1 in 100 that actually has a brain and wants to sell but that's barred too (otherwise the creatures will get angry and blame me for their losses). I'll update this idea if I am able to short sell 😁.
It could go up a few hundred percent sure, and a lottery ticket could go up a few million percents too. I'd never buy this, not without some sort of uptrend or new high first, and even then I'd just be in short term hoping for suckers to follow.
Definitely a great stock to short sell. It will still be overpriced at 1 cent.