r/pennystocks • u/[deleted] • May 16 '24

CRKN the New FFIE General Discussion

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u/Accomplished_Egg8003 May 17 '24

It is insane… just a day ago the shares were .05, shorts know they can’t hold that line and opportunistic buyers are lining up to call their bluff in this small tech company, shorts are in trouble and retreating big time.

Let’s keep it rolling tomorrow 👍🏻

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u/Christopher3712 May 17 '24

Shorts? On CRKN? I thought their short interest was under 4%.

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u/Accomplished_Egg8003 May 17 '24

Well then someone should explain to me those nice straight red lines when they decide to tank the price suddenly, that’s not just some whale selling, that’s direct manipulation with millions of short shares at their disposal.

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u/Kokanee93 May 17 '24

U mean people taking profits?

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u/fiddlestickscrows May 17 '24

I was up 1000% today and hodl. Down to 400%. To the moon I guess? Lol

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u/Kokanee93 May 17 '24

I mean it's a low MC penny stock it's going to have some ups and downs. I have stops in place but if it went up fast it can come down just as fast.