About 15 weeks ago I’d heard about Rily stock somehow then noticed it was also on my ST WL. I was like that’s fucking weird who is this? What do they do? Financials okay, broker? Okay, been around a while good price at all time low good, 75% short WTF?! Days later Rilys name crossed my desk again via a YouTube channel I watch and respect the fuck outta this guy “Trade talk” AS a trader. He was saying that the price could jump to 30 quickly but that it was risky and options were extremely expensive (all true) he also said that the guy “Bryant” was a real scum bag and has a shady history. Well I’d already done a bit of DD and completely disagreed. The only scumbags and frauds seemed to be the boomer bear’s on X I’m not writing formerly Twitter (fuck off) Back to the setup; I watched the stocks price action the next day and sure enough “boom” takes a jump to thirty in the 1st hr so I waited and waited and waited and caught it around 2 pm at 24 range back to 20s and now I’m down big, shit!. I had noticed that Ashley (an employee) had purchased around 4K shares at that price prior so while not the low dips of 17 also not the high of the $55 offering so didn’t feel to bad and knew there were risks. I .25 yolo’d my life’s savings and shorted the bears here. Well my moneys in it so had better get to work on a deep fucking DD dive. I’d been on ST and met some really amazing people who will always be legend to me gr8tyme, smoothie, Authorty, Ratical, Jocopy, Applepie true brothers in arms forgive me if I’m forgetting anyone. We battled the bears hard and as you know they play nasty. I turned to Reddit and saw this sub but no members?! WTF! But joined anyway I liked my spot of being number one. The page needed some help so was invited as a mod by Iferno the creator of the sub. Unfortunately we lost inferno over the Kandahar Kush region and is MIA. I vowed I’d be 1st boots on the ground and will be the fucking last to leave except Bryant and Co. But I did see a couple of really amazing write ups by some legends of Reddit. Fluffy Duck and Charles Barkley did awesome jobs on their original write ups. I was truly inspired and well on the way for a MOASS. Weeks and weeks went by and price was ranging between 15 and 26 many were getting doxxed and fuck you I took it as a threat and still do to this day as I told the authorities. Bears were all over this on a mass media blitzkrieg to demolish a guy, his life, his company, his family, his name, his character and his community standings and my money in the process. What the hell did I get myself into is there any amount of money in the world worth this shit?! I mean there’s like 2 billion other vehicles you can trade invest in why this one?! Because they fucked up and we caught them and they’re wrong and they pay for that! You literally couldn’t find one good comment on Twitter about $Rily then things started shifting things weren’t looking good and I was looking a losing money well I really couldn’t afford to lose. Many jumped out the financial window when we got the delay notice AH then the next day price went right back up 15%. My biggest assurance was the wyckoff accumulation pattern I noticed in the charts and it played out and still does to this day. Since those dark times we’ve grown 1600% in members on Reddit one of the fastest growing subs ever in Reddit. The price is up 100% from the lows of the prior ER (not most recent). Several major contributors have joined the bull theory with the likes of Jeff Amazon, Fat aspirations Bob Sacramento, Rida Mowra from SA and and so many more with some special media drama from WSB and I have to give Ron Paul’s post honourable mention, weather it was true at the time or not it was entertaining and we did get the 10k eventually. Steve Cohen of point72 has purchased shares you may remember him from the OG GME squeeze. There’s a great write up online about the symbolism of Wall Street animal psyche the bull bear chicken wolf pig etc…as you know MC had chickens and Steve had pig. I personally added to my position by about a 1/3 at the 28 level so now have a DCA of around 25 ish. I actually even sold my BTC holdings Id had for 4 years to buy more here. Yes I see higher upside with this much quicker than BTC. Short interest has decreased to around 50% so they are def exiting while still a high number with some ferocious buying this could have gone super parabolic and still could but not as likely as the market seems to be on the bears time side. That may be over shortly as the charts are telling me something different. I’ll post some chart readings in the days ahead for those interested. Lucky out
submitted by /u/Igetlucky66 to r/RILYStock
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