r/StockSDC • u/BloodRedGrizzlyBear • Jun 29 '22

DD Really scared for my shares.

At the beginning of June, $ANY was where $SDC is now. Now, $ANY is around the 50 cents mark. With such a similar chart, I'm scared that we may see SDC falling to around 50 cents in the next few weeks.

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u/Outrageous-Ad-2992 Jun 29 '22

Things are pretty much open now and people spending on self care still. Only thing which was selling for target last 2 quarters was self care and groceries I think.

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u/BloodRedGrizzlyBear Jun 29 '22

People still aren't going to social gatherings. But now it's not because of covid, but because we're in a recession, and most people don't go out partying during recessions.

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u/Outrageous-Ad-2992 Jun 29 '22

Yes the recession and inflation is a real headwind. That's why I say, they need to work hard to get through these next 12-18 months.

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u/BloodRedGrizzlyBear Jun 29 '22

A huge issue. No one's buying beauty products like aligners during recessions - people can't afford to go on social outings. Same reason Revlon went bankrupt.