stock market crash

[Paralytic]

How about this for a trading strategy.

If Scoots says he's selling or shorting something, buy it.
If Scoots says he's buying something, short it.

You'd certainly be in profit now if you'd bought BTC when he sold it at $12k.

I think it's more complicated than that. If it's a real trade, do the opposite. If it's a pretend trade, do the opposite. If its a trade he's since admitted to lying about, do the trade. If the stock has had a share split, be wary as he doesn't understand those.

[_V_]

Does he understand reverse mergers and stock only mergers?

I think he only understand drawing some lines and spouting nonsense.

[AtW]

Does he understand?

No

[Andy2]

How about this for a trading strategy.

If Scoots says he's selling or shorting something, buy it.
If Scoots says he's buying something, short it.

You'd certainly be in profit now if you'd bought BTC when he sold it at $12k.

I did exactly the same. Bought bitcoin when he said he is shorting it.
Scooty's trades are a great contrarian indicator.

[AtW]

It’s a long con - first give totally contrarian advice, then give real 100% correct one

[scooterscot]

Jamtastic!


RSA insurance up 45% with what 2-3 weeks of position?! MAD.

[_V_]

Is this a position you mentioned previously, or something suddenly you had a position in and have made a fortune?

[northernladuk]

Is this a position you mentioned previously, or something suddenly you had a position in and have made a fortune?

Or is he just spouting random crap for no apparent reason?

[scooterscot]

Only £1k, did not think worth mentioning. Lloyds is the biggest bet in the FTSE 100. NASDAQ I'm putting a larger order into ATOS.

[_V_]

Only £1k, did not think worth mentioning. Lloyds is the biggest bet in the FTSE 100. NASDAQ I'm putting a larger order into ATOS.

ATOS is a very small cap ($16m) stock.

Sounds like a huge punt, you say large order, that could be what amount of money?

Of course the stock could rocket if some clinical trial gets FDA approval, or they could crash and burn in the next 12 months.

According to my research they have 5, yes 5 employees.

From their last financial filing:

NOTE 2: GOING CONCERN
The Company has incurred net losses and negative operating cash flows since inception. For the six months ended June 30, 2020, the Company recorded a net loss of approximately $6.9 million and used approximately $5.5 million of cash in operating activities. As of June 30, 2020, the Company had approximately $7.5 million in cash and cash equivalents and working capital of approximately $8.2 million.

The Company has not yet established an ongoing source of revenue sufficient to cover its operating costs and is currently expending funds in research and development activities that are expected to continue to require funding. Management believes the currently available funding will only be sufficient to finance the Company’s operations for six to ten months from the date these condensed consolidated financial statements are filed with the SEC depending on the timing and extent of the Company’s clinical trials.

The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable.

As the Company is currently not generating revenues, continued timely expenditures on trials is important to bring its product(s) to market as soon as possible. Management’s plans to obtain such resources for the Company include obtaining capital from the sale of its equity securities, entering into strategic partnership arrangements, potential exercise of outstanding warrants, and short-term borrowings from banks, stockholders or other related parties, if needed. The Company can give no assurances that any additional capital that it is able to obtain, if any, will be sufficient to meet its needs, or that any such capital will be obtained on acceptable terms. The continued spread of COVID-19 and uncertain market conditions may limit the Company’s ability to access capital. If the Company is unable to obtain adequate capital, the Company may be required to reduce the scope, delay, or eliminate some or all of its planned commercial activities. These conditions, in the aggregate, raise substantial doubt as to the Company’s ability to continue as a going concern.

The accompanying condensed consolidated financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts and classification of liabilities should the Company be unable to continue as a going concern.