NILE-Conference Call for update on Special Dividend (TurnOnGreen)

NILE is renown for doing things that catch the attention of FOMO traders and the press, and using those events to run the stock price (or, lets say it happens coincidentally, but consistently coincidentally). Your friends who warn you about this company are not wrong, but there are plenty of things to get excited about and occasionally they cause the stock price to run up. The CEO is also known to make large purchases of their common stock (which then gets PR and the Form 4 is spread all over the internet).

The link about the dividend and event is below, traders are cautioned to remember BBIG and the process that played out there before the special dividend finally came out, and the price action of both BBIG and the Spin-off since. History tends to repeat, but the event and the leadup to the event could be times when short term swing traders are able to find a profitable trade.

Link to PR about event: https://www.businesswire.com/news/home/20220802005517/en/BitNile-Holdings-Announces-Conference-Call-to-Provide-an-Update-on-TurnOnGreen-Special-Dividend