HOLO | MicroCloud Hologram | Quick Take
In this short [HOLO | MicroCloud Hologram | Quick Take] video 🎥, we will be discussing a popular day trading favorite, HOLO, which recently underwent a reverse split causing a huge spike in its stock price. After the split, many day traders were hoping to jump in on the action and potentially trigger a short squeeze on this low float stock. However, things took a turn for the worse as the stock quickly dropped, now sitting at 41 cents per share and losing money for investors. This stock is not optionable and has had terrible performance since the split. So, what’s the deal with HOLO? It seems the company is trying to turn things around with their holographic technology, but as a day trading stock, is it a good investment? We will take a closer look at the recent positive news that caused HOLO to be labeled as a “meme stock” back in May and whether or not it has potential for a short squeeze. While the short float is not particularly high, and it may not be the best candidate for a short squeeze, it still has the potential to see movement if there is a jump in buying activity. However, as a meme stock, it is important to be cautious when investing in HOLO.
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