>>88656740Despite my hatred towards Niji, I wouldn't blame Niji for all of the shortsellings
When Anycolor suffered 700 yen loss, Cover was actually trying really hard to not fall down with them and was stabalizing on the 2400 yen line. But unfortunately for them, this was also the start of JP downfall in general and dragged all of JP stock down. And considering Cover corp was very new in the market, the traders got impatient and sold as if the company was "over-valued"
Back then, Cover corp's acceptable value was always below 2000 yen while Anycolor's was 3000 yen with traders' high hope that they will get back there soon and spent everything to make the price go up. That's why Cover could never get pass 2k and stay there if they want to
But that changes today because now Cover proved that they can bring in huge ass money. And at the super cheap price of 1500 yen, the value was considered "under-valued" and they started pumping the shit out of it, resulting in whooping 40% increase after 5 trading days
The next 2 weeks will be crucial however, because that will be the ultimate test for Cover holders. Next week will test whether Cover's acceptable value is above 2k and whether the traders trust Cover stock being above 2k or it will fall into "pump and dump" trap. And the following week will be the release of Cover Q2. If Cover can survive both, then their stocks' future will finally be bright for once
