If you were looking for the selling to stop in $SCTY shares, that time could be now. The stock sits at multi year support and poised for a reversal back over $60.
$60? Amazing isn't it. Just last year seeking alpha had numerous extravagant articles on how $SCTY was a $10 stock. It hit nearly $90 this year before pulling back. Money speaks a heck of a lot louder than a 6 page research report. Just ask the trolls who have been shorting $TSLA since $25.
Last year a company called Tesla rocketed higher from the $20's to over $100 a share. In the midst of that rally a host of analysts and market observers were aghast as to how a company like $TSLA could have such a 'large' market cap. They made every argument under the sun as to why $TSLA deserved to decline in price. Short sellers were betting the farm that the stock would fall. Analysts who spend their waking hours analyzing stocks were calling for the stock to drop. Yet Tesla did the exact opposite.
