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Agreed. The naked short overhang here is insane. These are my favorite types of plays.
Yep. I'm betting we close flat, maybe even baby green before the next leg up.
Grabbed some more down here on this anticipated dip.
There is still a significant short interest here that has yet to cover their position. They were throwing up walls, spoofing the ask, etc, doing everything they could do to keep this under control today. I'm hoping for a continuation, but I also suspect they are gonna come at this hard tomorrow. Don't be surprised if we see a significant retrace from today, perhaps upwards of 30%. Good luck everyone.
Here we go!
Sure, anything is possible. I'm keeping a chunk long term. I like the potential here and comparable competitors in the ev market have much higher market caps
One hour in and we're already at 124 mm volume. Gonna be a nice ride.
Yeah, doesn't look like they'll be able to keep it down here much longer.
Man, that $100k wall got crushed. Just insane...
They failed keeping this under $1. Fairly big wall @$1.06 for now.
Yep! Just a matter of time at this point
I think if we pop past $1.10 it'll be off to the races
Grabbed a starter here as a lotto.
Margin calls possible. Potential squeeze similar to b*kt last October, which popped from around $26 and ran to $49 the same day.
Very possible! Today's news explains last week's volume. Someone always knows.
Yeah, it looked ready to go right there at .80, just got beat back today. It's definitely primed to run. Should get interesting next week.
Same here. I traded this back in November around the time of the LA Car Show when there was a ton of hype going on. Very short swing for me back then. My entry this time around will be for a longer term swing. R:R is well worth it to stick it out.
This was trading above $2 just a couple of weeks ago. Might take a little time, but it'll chug it's way back there eventually.
Yep, absolutely agree, and we will really see this one squeeze once we get near $1. After that sky's the limit.
They are losing their grip on it. Perfect setup for a nice pop today.
Looks like the dilution might have actually stopped. If so, we should get there.
This is a really nice summary of what's been going on here recently.
If $MULN's stock price gets pushed to just $1.00, all of these short exempts will FTD for a huge loss, and they'll be forced to buy them AT MARKET PRICE within T+2 trading days!
— The Devil's Stock Broker (@TRUExDEMON) February 25, 2022
They are all out of options, but the SP has to get to $1 or more, the higher the better. pic.twitter.com/WEOiDfmYbZ
Hard to say. There was alot of hype with Mullen leading up to the LA Car Show last November.
https://m.benzinga.com/article/25003714
I traded the stock around this time frame, which moved between $9-$15. Fundamentally, nothing has changed with the company except waning interest. I took a starter today, so we'll see how it goes.
MULN high risk, high reward. Ev play.
This was over $10 just a couple of months ago.
Sure, np. Hoping for a nothingburger.
Hard to say. I've seen some tickers come off EM that exploded nearly 2,000% the first day they were tradeable. This could definitely be one of them. I think a minimum of 7-10 cents is reasonable. With the goff merger being finalized, by the time $gvsi goes pink the outcome there will be fully realized which could very well send this to 15- 20 cents.
The fed's closed door meeting tomorrow has everyone on edge.
https://www.zerohedge.com/markets/fed-one-meeting-away-creating-doomsday-market-sinkhole
Yep, exactly. With each catalyst/milestone that is attained, more and more investors will want in. The problem they face will be the ever decreasing availability of shares as the float here is getting locked up. Imagine the bedlam that will be unleashed when an official PR goes out over the newswires, and the investors that will attract whom have never even heard of Worldwide NFT. =)
$gvsi, soon to be American Blockchain Inc.
With the likes of the Wharton School of Business and MIT offering blockchain certification programs exemplifies how blockchain technologies are rapidly being integrated into our global business infrastructure.
Exciting for us, because this goes well beyond the scope of cryptocurrencies.
According to Deloitte's 2021 Global Blockchain Survey, "83% of business partners, suppliers, customers, and/or competitors are discussing or working on blockchain, digital assets, and/or cryptocurrencies in context to solutions or strategies."
PwC economists expect blockchain to boost global GDP by US $1.8 trillion – which is 1.4% of global GDP – by 2030.
This provides a broad spectrum of assets that Mr. Sharp can evaluate to bring into this shell. The timing of all of this couldn't be better.
I would think the share cancelation would likely precede the FS announcement.
Seriously? Your analysis is laughable.
Your quoting a "legal disclaimer" from goff's filings, which with recent events is obviously not going to happen here.
Try again.
After giving it some thought, I think you're 100% on the money. And a 4:1 or 5:1 FS will likely be what happens. Bring it on!
Great post!
This is a great explanation. When this finally sinks in we'll see some heavier volume.
$goff simplified. With no changes to total valuation, after cancellation, your shares are worth $1.03. you can buy under $0.50 right now.
https://mobile.twitter.com/FFM125000/status/1492168740372463617?cxt=HHwWgoC-rYjkn7UpAAAA
Absolutely! I think the accumulation yesterday and today reflects it too. Makes me wonder what else GS has in store for us.
This scenario is what I'm expecting as well, or something pretty close to it.
GS just keeps delivering for his shareholders, again and again. Great days ahead!
$goff
Not true. Historically,companies that do forward splits typically see the share price return to pre split levels. Didn't Google parent Alphabet just announce a forward split? Oh well, what do those clowns know anyway.
https://www.cnbc.com/2022/02/01/google-parent-alphabet-announces-20-for-1-stock-split.html
Yep, and that's the icing on the cake.
It's illustrative of the point I was making with reference to short volume ratio, which you can clearly see was over 60% before the squeeze occurred.
A picture is truly worth a thousand words.
I missed this one..lol.
Many thanks for sharing. This is indeed a perfect illustration of what I was referring to.
Thing is, it's not nonsense. Short volume ratio is indicative of the short interest as a % of the float, and in some cases, reflects a significant naked short overhang (typically when the svr exceeds 100%).
Some of my most profitable trades have been stocks with high short volume ratios.
Again, I know, just pure conjecture.
And, again, you guys have nothing to worry about.