The speaker predicted that GV stock would experience a sell-off or 'flush' at the 9:30 AM market open due to the stock being extended and potential bag holders placing sell orders to break even.
"at the opening bell I expected that we would see selling I I just sort of thought that we would see a flush and the reason I thought that was because you know the stock is extended and I just I was like you know I just think it's it's already made this big move I don't know if it's going to work and I'm also thinking that you've got people that were holding yesterday there might be underwater on this stock bag holders so they're sitting holding and they might have an order think about this some people trade on their phones right they saw a stock moving up Robin Hood sent them the notification they're like oh I'll just buy it they bought a th shares whatever now they're down a couple thousand bucks and they're like well shoot I guess I'll just put the sell order at 550 get out break even and they put their phone away they're at work doing stuff that order doesn't execute until the Market opens so now I'm wondering at 9:30 are we going to have a lot of people that have orders just to bail to bail break even maybe because they're um they were bag holders"
