Thursday's intraday tape is putting on a masterclass in how to incinerate retail capital in two completely different ways.
On one side of the ledger, we have the 'catalyst-free' rocket ships. $TGHL is ripping 64% and $STAK is up 59%. Both have micro-cap floats under 15 million shares, zero actual news, and the exact same low-float setup that closes in the red 70% of the time historically.
Then we have the space-tech crowd. $ASTS announced a $1 billion capital raise via convertible senior notes, instantly cratering the stock 17%. The comment sections are flooded with retail buyers screaming about 'market manipulation.' It's not a conspiracy; it's a convertible note. You wanted space satellites; you got diluted to fund them.
Pass on the low-float lottery tickets. Let the chasers find out why they're called traps.