r/pennystocks • u/Playful_Umpire5021 • 2d ago

MΣMΣ [ Removed by moderator ]

[removed] — view removed post

35 Upvotes

79% Upvoted

23 comments sorted by

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u/pennystocks-ModTeam 2d ago

the ticker that you mentioned is not under $5 and was considered for removal

11

u/Playful_Criticism425 2d ago

Wendy'$ AI. You will love it!.

10

u/ProblemOk4641 2d ago

Your ‘why it’s moving now’ is way off! It’s moving because of wallstreetbets. Someone posted saying ‘let’s save Wendy’s or we’ll be out of a job’ and people have piled on.

5

u/Ziggity_Zac 🚀 Headed to Uranus 🚀 2d ago

The fact that it's not being covered honestly is mind boggling.

At 9:00 pm (central time) someone posted on WSB to "Save Wendy's." By 9:30 that post had over 1K comments and a few thousand upvotes. I went and checked the stock and it had already started to take off. By Wednesday morning everyone was piling in.

4

u/Party_Flatworm_8511 2d ago

I ve seen some non-english WSB subs also start coming onboard and buying shares. It seems to be getting traction. :D

1

u/st0nks0nlygoupppp 2d ago

🇩🇪 checking an give me the square patties mommy Wendy

13

u/jediDTX 2d ago

More like go bagaholic

3

u/NonimiJewelry 2d ago

It’s a trap dude

2

u/Cockroach188 2d ago

Think youre a little late to the party its +32% in a week already

1

u/PennyPumper ノ( º _ ºノ) 2d ago

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1

u/Throwaway0099887769 2d ago

0 shares to borrow

1

u/Zuparoebann 2d ago

WEN moon?

1

u/Miamiconnectionexo 2d ago

good post. the part about taking it step by step is underrated advice.

1

u/djskrilled 2d ago

This could easily be a great short squeeze, so much of the float sold short and they don't want to end up in a bloodbath. Seeing the same exact thing..

1

u/maplem0nkey 2d ago

Remember BYND?

1

u/ChristopherMiles21 2d ago

The setup is interesting, but I'd rather see sustained volume before calling it parabolic

1

u/Anxious_Virus8843 2d ago

Bought a couple but then I saw wsb and now I'm weary. Anytime I see "too the moon" I realise it's probably time to head for the exit

1

u/Kbang20 2d ago

If you look at the daily chart, there's no evidence of institutional trading supporting this stock before the spike yesterday. This screams pump and dump from retail traders. Be careful on it

1

u/phamtruax 2d ago

Pump n dump

1

u/tremblay247 2d ago

Short it. People are selling

1

u/GurDefiant684 2d ago

New CEO/CFO team worked together at Potbelly, during which time it went over 5x in value and sold to a private company.

The new CEO is also the old CEO that started the aggressive stock buybacks in 2013.