$Hall of Fame Resort & Entertainment(HOFV)$company is really doing well. They have been looking to increase their staff headcounts. The CEO has attended a local seminars and posted these on Twitter.
The reason their stock to fell from $7 to $3 is the constant target of shorting by big firms. Other stocks had seen similar trend, like those wsb driven ones. The short volumes for HOFV, AMC, KOSS and GME. When shorting and investor selling volume is higher than buying volume. The stock prices goes down.
Stock market is unpredictable. Not every stock has a chance to moon. Some even had months of pressure before it pops like GMe. With high volumes and targeted call options tiers. Do you think GME as a company is worth more than Apple, Disney and Facebook?
HOFV is a start up company. Although there's high spending and little revenue. No upper management resignation. The construction of the village are still under going. At one point, institutional and mutual fund investors would invest in HOFV.
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