 No idea. What's up? My name is Giggs. This is V here. Welcome to another video, guys. So into this video, we are going to talk about support.com, ticket symbol, SPRT. This is becoming the newest meme stock in town. And so the last two days, Thursday and Friday, this stock has just skyrocketed, making a lot of people money. I traded it Thursday, traded it Friday. And the stock is still sitting somewhere way above the regular price of the stock. So that's why I wanted to talk about it in today's video. But before we get started, guys, we are new to the channel. We talk about how to earn money, how to save money, how to invest and build wealth. So that's something that interests you. Go ahead and hit that subscribe button and the notification bell so you don't miss out on new content. So when it comes to support.com, guys, this is a stock that is becoming one of our ready meme stocks. So a lot of people already on social media are talking about support.com, maybe in part because support.com was really, really hated by Wall Street because about 67% of the shares were actually shorted. So you know how that usually works, right? You see a stock that's heavily shorted. They go in there and push the price so that all the shorts will cover. And so doing will keep pushing the price of the stock up and make people a lot of money. Again, this was an insane one and it ran like crazy. So let's jump right here. Take a look here. Again, this is support.com. Just for clarity, guys, there was no specific information or news that really pushed the price of this stock up. Nothing. Again, if we remember, I think it was early this year, they announced that they were going to go into a reverse merger with Greenwich Generation Holding, which is like the first carbon-neutral Bitcoin ETF. So they said they were going to partner with them, but that didn't even move the price of the stock. So I don't think that, I mean, and this is old news. So in the fact that the stock is still popping, now after that old news, I don't consider that news to be the catalyst that actually drove this. I think the major catalyst here is the fact that Wall Street was betting heavily against support.com because 67% of the float was actually shorted, which is crazy. So again, you know how Reddit and social media guys operate. Once you see a company like this, they'll jump on it, talk about it, everybody start buying, and then the shorts have to cover. So it's basically the reason why, in my opinion, why I think support.com made the move. So if we jump here and just going to take a look at the chart. If we go back, I think this was a 26. If you can see here on the 26, support.com opened at about 14, look at this, it was trading at somewhere around $14. The market opened here, and this thing took off a little bit, went to as high as you can see at 17. And then after hours, it just went crazy, went to 23, if you can see here, went all the way, pre-market on Friday went to 32. And then, oh boy, look at this, went as high as 55 before the market even opened. And then market opens, it pulls back, and then squeeze again all the way to 59, almost $60 for a high, which is insane. And then once you got to that point, look at that retracement, it just like dropped all the way down to 25 for a low. And then now, it's currently sitting somewhere at about 20, about 30 bucks. And again, this is absolutely way above the stock trading price. If you see, we came from somewhere around 14 bucks to now sitting all the way here at about just under 30. So to me, this is still significant. So a lot of people, I'm pretty sure, made a ton of money, and again, if you tradedsupport.com, let me know in the comment section what you thought about it, and enjoy those gains, because I think we would do for something like this, because we haven't had some of these runs in a while. So it was really kind of nice to be able to get a trade where you don't really have to work hard to earn your money. This was pretty straightforward. And yeah, so it made some good money off of this one, which was excellent. So again, I don't know what's going to happen next week. This thing might pull back down to where it belongs to that $14 or even around $10 price point, or we can see another squeeze. Because we saw what happened with GameStop and AMC. It didn't just take off and go continuously. It went in stages. Stage one, it has a high setting, new high pullback, consolidate and then take off again and go. So we'll see this here. It set this high right here. So let's see this pre-market. It goes up to about 55 pullback, consolidate, squeeze back up to almost 60 pullback. And then now sitting somewhere right here at just just just about 30. And again, to me, this could be consolidation. So again, we can get up Monday morning and just take my skyrocket again to set a new high. So there's endless possibilities here. But again, this is one where you treat with caution because these meme stocks, they come and they go. So if you go in and buy, the top thing is going to keep going up. Because imagine somebody bought somewhere around 55 even right here. And you're seeing crumble. You are going to sit there right now and be in the hole. You're going to be in the red to the point where I'm pretty sure your account is going to be like mad at you. So be careful with this. When you go in, take profit, secure profit as much as possible and use stop losses so that I can kick you out. This is a meme stock. So it's not something you say you're buying long term. This is a meme stock. So if you get that profit, put a stop loss. So if it kicks you out, you sit back and look for another opportunity as opposed to sitting there and hoping that's going to go back up. So better cut your losses early and then wait to buy the dip. There are then sitting there and coming all the way down here and they're hoping that goes back up because that direction, nobody can guarantee it. So that's something I wanted to make sure that we talk about again, support.com is becoming a meme stock. There's really no reason why the stock is moving again. I gave you guys my speculation that it's probably just because Wall Street was betting against them with 67% of their float was shorted. So I mean, you know how that works. Reddit and social media and retail investors can jump on the stock like this and turn it into a cash cow for for a lot of us. So that is pretty much what I wanted to cover in this video. So again, I'm going to be looking at this one next week to see what happens. I don't anticipate buying this one holding long term. I'm just trading it because this stock belongs somewhere between 10 and 15 bucks. So if you're not in that range, I'm not even thinking of buying long term because there's no catalyst that is driving this thing. So if you're buying anything way up there, make sure that you have a really, really tight stop loss in case you, you know, it starts to really collapse. You can actually get out and give yourself an opportunity to get back in and then ride it. So make sure that you trade with caution. So that's what I wanted to talk about here. If you're new to the channel, guys, we talk about how to earn money, how to save money, how to invest and build wealth. So if that's something that interests you, go ahead and hit that subscribe button and your notification bell so you don't miss out on new content. Also, guys, if you're looking to get started with investing, we will have the promotion where if you sign up and deposit $5, you get free stocks links in the description below. And as always, guys, do you do that again? Don't be a greedy savage. Stay motivated.