I’ll be the first to admit that the anonymous gay sex app Grindr has been the butt of many jokes here on Slope. As the company’s stock thrust higher and higher with increasing force, the rally increased in both length and girth, attracting excited attention from all spectators. All good things must come to an end, however, so after an intense peak, the stock is now rapidly shrinking, having lost 40% of its size already and evidently on the way to an even smaller unit of measure.
This morning, following the weekend’s refractory period, GRND has firmed up and is ready for a second go. It seems particularly eager to close the gap, cramming the spread tighter and tighter until it is completely sealed.
I submit to you that, once the gap is closed, the instrument will once again have spent its energy and will pull out of the aforementioned gap, shrinking in value even more swiftly than the first time. I say all of this without actually participating in it myself. Still, I find the topic interesting, although I’m not sure why, since I can’t quite put my finger on it.
