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Im wrong again, I’m reliably informed the 1 million sharesellers were in fact ex employees not current employees, my apologies.
With the price now being around $10, which is the price both original SPAC investors and more recently the PIPE investors paid, the question is what happens next? Are they prepared to sit and wait for FDA approval estimated in 2023 or will they instead continue to sell?
It seems I was wrong, I understand the large selling is coming from staff as lock up period has finished. Given many would have neen issued stock well under $1 you can hardly be critical of them taking some profits.
My best guess is this is PIPE investors at $10 unloading their stock. Strangely it bounced back from $10.47 to $11.86 in after hours trading
Titan giving a bad name to SP!!!
Lol….
Oh no. What’s going on here ?
Vicarious now at least a YEAR ahead of Titan medical in the race to launch….
Titan needs at least 3 years of funding to commercialize their platform and that is a BEST CASE scenario…..
If Medtronic ends it’s agreement with Titan that stock will be well under a dollar.
It was a big day….FOR SHORTS!!!
Now that is funny.
Hilarious reading the Titan board this morning! Even better when reading all the messages from last night and hype about what a big day today is going to be!! Unfortunately my money it's lost to so it's not all that funny but it is great to see all the pro newbies slap in their face. I guess now they can decide to come here and invest money that will grow into something
$12.68 close today but I still think we see lower prices over the next few weeks as a buying opportunity as PIPE investors get access to their stock and cash out. Mind you I've been wrong plenty of times before LOL.
Consider this, for Vicarious to have a market cap of $6 bill or just 5% of Intuitive Surgical's current market cap, it needs to trade at $60 a share. I see no reason why this can't occur in the next 2 years with FDA approval. If nothing else it is certainly food for thought when you consider the stock is currently trading at $12 and as outlined in an earlier post, I fully expect we may see some short term weakness in the share price over the coming weeks. That in my view will only make the investment opportunity even more compelling.
Very early days, being only 1 day lol but perhaps these PIPE investors may be stickier than I thought they would be or maybe they are still trying to get the securities into their broking accounts so couldn't actually sell yet or more likely a combination of both.
I'm very interested to see how the next few weeks plays out, both in terms of daily volumes and price action. I should disclose I'm long the stock and intend holding.
$12.14. Dang. This smarts.
Good analysis
Thanks!!
PIPE investors at $10 are just about to receive their stock, and can sell with no escrow now that the securities have been registered and ticked off by the SFC. I expect this to trade back towards $10 or even lower as those short term PIPE investors take profits. Having said that, i do see it as one last great buying opportunity to pick up more stock around $10 or better, before I see this climbing steadily higher until FDA approval expected 2023.
Call it a hunch…..
Is that your prediction?
Hmmm….you must be looking at the wrong stock
RBOT gonna have a big week next week!!
Dropping after hours. Oh well. That was fun
That’s funny
A few years ago AOL took over the email for one of the internet carriers…..
But speaking of dial up that’s what enos will be like after Vicarious launches
You are delayed. You still on AOL? Dial up?
Big day and big things ahead for Vicarious…
12.41
I guess I will wait for it to come back down ...
Hope it does.
Nah. Just wait. You may get a great opportunity to get in lower. $12.05. Will see.
Wow, I may have missed the boat here.
Seems to be cranking higher.
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