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Profit taking will happen at all levels on the way up. If the stock is strong enough and has many new investors excited then profit taking won't matter much. The new buyers will outweigh the sellers. Think of all the corporate investors out there as well as the high roller retail investors that who look at anything under $10-$20 cheap. There is always a dip a day or two after an rs/uplist but if ASTI does it right it will only be temporary and anyone that sells would be missing out on even larger gains. Imagine someone selling at $3-$4 only to see in 6 months after rs the stock is trading at $10-$20 or more. With everything going green and infrastructure bills trying to get passed it's not out of the realm of possibilities that ASTI could run to levels beyond our expectations
I got smart and looked into it more. The shares being issued are "Authorized" not "Outstanding". Authorized shares for expanding companies can essentially authorize as much as they want. Basically they are being held by the investor aka German guys. They can dump them if they ever choose in which case they would then become Outstanding. I didn't catch that they were "Authorized Shares". I just saw 10 billion and jumped the gun. So nothing to really worry about at the moment. Disregard
Did anyone read the recent 8k today? Am I reading correctly that they are about to add 10 billion more shares to mix? Meaning 28 billion OS by October with 5 billion added by eom? Please correct me if I'm wrong
I agree. I just find it funny whenever I see an opportunity there you are(some times) lol. I made a quick 35% on PHIL and moved the profits over to HPIL last Thursday. Looking to be the right move thus far. GLTY Doc!
Lol. I always know I'm in the right spot when I see the Doc on here. I bought in late last week. Lets see what happens
Still here and waiting. GLTA
Looks to be already added to the OS judging by the company website. Total shares reads 18.35 billion and Total Shares Out is 18.95 billion. Exactly 600,000,000 million according to the stock info on investor relations on company site. Looks like dilution not buy back. Will have to wait and see what happens.
https://www.ascentsolar.com/ir-stock-information.html
August 9th - August 16th
The Tampa Bay lighting were swept in the first round of the Stanley Cup playoffs in 2019.
Good to see you Doc. Hope all is well brother.
I load what I can when I can but am overall in the same boat of not buying more. Not because I've lost faith but more or less the amount I buy wouldn't be significant enough to make a real difference in my bottom line. I told myself I would stop buying at a certain amount of shares and I hit my mark about a month or so ago. Been back to adding more positions elsewhere. Diversity is key to success in the market. At one point ASTI was my best performer while everything else was red. Now ASTI is red and everything else is green. Just how it goes. All about balance. Still bullish as fooq on ASTI. Just have to be patient. It's that way for every stock.
Market is backasswards right now. Makes no sense to me either at the moment. Will most likely go back to sub-penny until ASTI releases some positive news. Panic selling and manipulation is the only thing I can figure. It's being shorted into oblivion right now.
So then figure out who your pumper is and follow them. You'll make alot of money
I have a feeling you don't know anything about this stock and if you're looking for a pump AMC and GME are both good ones. I'm in the red but I don't scare easy like some. I'll load and hold. As an investor I don't rely on others to do my research for me. I do my own dd and invest accordingly. You ought to do the same.
Not really. It was trading around 0.02-0.03 before NASA. It was on the rise due to new ownership and people gaining confidence.Then NASA news caused the spike to 0.09. ANC GME are examples of pumps. Not ASTI. It has gone up on it's own merit and is going down due to panic, manipulation and a bad opinion piece from Seeking Alpha. Literally nothing has changed and ppl are now selling in panic. It will reverse at some point.
individuals who cannot master their emotions are ill-suited to profit from the investment process. Nobody pumped ASTI. It went up on its own merit.
Nobody pumped ASTI. It went to 0.09 off NASA news. Ppl trying to blame "pumpers" or one investor on this are pretty ignorant and haven't been paying attention. The NASA catalyst pushed it up to 0.09. Nothing and nobody else.
Absolutely agree. I loaded more today. Holding strong and believe greener days are ahead.
Preach it!
Rough couple days but it will climb back. Just a matter of when
Load and hold. This is clearly being shorted and manipulated. These prices are great entry points for anyone wanting to jump in and a gift to all those already in to load more.
That's what I was thinking after seeing where we closed. Final shake right before picking back up to normal to weed out the weak investors while giving those who want to jump in a solid entry point. I was able to scoop up some shares myself but wish this would have happened yesterday or tomorrow when I had more funds to purchase more. Anyone that got in below the 2s in my opinion lucked out. Likewise anyone that sold made a blunder.
That's what I was thinking after seeing where we closed. Final shake right before picking back up to normal to weed out the weak investors while giving those who want to jump a solid entry point. I was able to scoop up some shares myself but wish this would have happened yesterday or tomorrow when I had more funds to purchase more. Anyone that got in below the 2s in my opinion lucked out. Likewise anyone that sold made a blunder.
So you think they have to rebuttal every negative opinion out there? Or continue to focus on building back up? It would seem kind of childish for ASTI to come out and say, "hey Seeking Alpha is wrong". When the professional thing to do is not say anything and give news like they have when needed. I've been with ASTI a lot longer than most. Sell if you want but you'll regret it just like I did when I sold millions before new ownership came along. Been holding a position in ASTI since 2018-2019. Will agree it was hot garbage all the way to Q4 2020. Then they made a turnaround. Foolish to sell now. Especially over an opinion piece. To each their own. I'll buy this dip.
I agree with you there but won't happen. ASTI will do what they do and focus on the task at hand. They probably like any other company could care less what an opinion piece has to say
Yep.. weak hands
We live in an age of instant gratification. Ppl see things like AMC, Gamestop and DOGE take off for no good reason other than hype that is pure pump and dump and want the same everywhere. These meme stocks are defying fundamentals at the moment. Reality will set back in eventually but not before it burns millions of investors looking for a quick buck. Then you get a contributor on less than credible site like Seeking Alpha that tell half truths on old news to scare new or on the fence traders. We all know ASTI has struggled in the past and we all knew (at least those who did their DD) the recent Qs would be less than impressive.
Nobody wants to wait it out as the company has being making nothing but positive strides since December. They want instant gratification and all wanted to be millionaires yesterday.
We all know ASTI is moving in the right direction. We all know the real OS is a smidgen over 5 billion since Bernd Fortch is majority shareholder and the company is restructuring and getting things moving in the right direction. If folks want to listen to an opinionated contributor only giving half the story while trying to make his rent over trusting a successful billionaire that jumped all into ASTI that's their business. I'll follow the money personally just like I know you will OG. Best of luck to you sir and I'll see you on the moon.
We live in an age of "instant gratification". People have less patience in today's world. We just got news and updates 2 weeks ago. But for many that feels like a decade ago. Especially since the update did not bring the upswing many were hoping. As you said though, we are stable and the active hiring is good sign. We have strong support in the 2's. This is a great time to load.
All but one of my stocks are red today thus far
Agreed. We have held strong support at 2's and been trading sideways for months. We will run eventually. Load or hold or both. It's not uncharacteristic for ASTI to drop news at the end of quarters or along with quarterly filings.
This stock isn't meant for day traders. Never was. I've been in ASTI since 2019. A wise investor should always have cash on hand to buy other stocks when need be. If one has all their money tied up here they have 3 choices. Buy, sell or hold. If one believes the grass is greener elsewhere they are free at any time to sell and come back. People do it all the time. More power to them.
Hindsight is always 20/20 and all of us would have jumped out in February if we knew it was going to trade sideways in the 2's for months and jumped back in after taking profits.I for one believe we should be trading at 0.10 minimum now. Market is backasswards at the moment. We were in a worst spot in February as far as filings and being current and were trading higher than we are now, with better filings and being current. Meanwhile absolutely worthless stocks like AMC are openly diluting shares and flat out telling investors "hey we are diluting big time and are billions in debt, please reconsider investing in us". Yet people are throwing money and buying it up. Personally I don't get it but fundamentals have been tossed in the gutter lately. People are playing the stock market like they're in a casino. To each their own.
Again hindsight is 20/20. I also don't know anyone with a crystal ball that can predict what tomorrow may bring. I personally learned my lesson last summer with this stock and loading all I can while holding all I have. If one wants to sell now or at 0.04 or whatever, more power to them. Just don't kick yourself too hard later if the stock runs far beyond 0.04. Because it will. When? That's anyone's guess but the fundamentals and DD point to significant gains. I for one wouldn't sell any ASTI to chase something else. I'd use the cash I had on hand to buy other stocks and further diversify. If I didn't have cash on hand I'd wait until I did. But I'm not a day trader or flipper so I typically hold my stocks a year or more and re-evaluate near the end of Q4.
It's been a winning strategy for me.
Right! Makes no sense. AMC billions in debt and actively diluting their stick and even telling everyone,"hey were diluting" causes an insane run and people can't get enough it. Meanwhile ASTI with solid financial backing, current sec filings, large orders and NASA interest in an ideal political environment can't break 0.03 lol. I feel like we are in a twighlight zone or something
It would appear they are both related. Would be pretty sweet if it actually is.
In my opinion 200k shares is a lot. Not alot to someone with millions of shares but still... 200k shares is still a respectable position and a nice return whenever we run again.
Good post. It really is a waiting game. When this will really take off is anyone's guess but it will eventually. In my humble opinion we should be trading at a much higher price given all the positive news. It not trading higher is somewhat of an anomaly. I've seen penny stocks and crypto shoot up for less. I could be wrong but I'm half expecting much of the same price action the rest of the quarter just to shake out more impatient investors.
ASTI can take their time. I will load all I can while I can in the meantime. It's barely been 6 months since this company got on the right track. I'm excited for the next 6 months and the 6 months after that.
Hindsight is always 20/20. Painful lesson for sure lol. I would have made $250k on a $600-$800 investment had I held onto those shares and sold at the high in February.
My thoughts exactly. I'm thinking in a few weeks we get news of more good stuff. Shortly after second quarter filings. They are no longer behind on filings so I would imagine the next filings will be right on time and then a PR or two to accompany those filings. Q2 ends June 30th. I would expect news within the next 30-40 days.
Hahaha yeah I seen that just now. Patient patience. Stupid auto-correct lol
That honestly would not surprise me. I would also cream my pants twenty times if it ever hit $20. $1 per cream of pants. That's my going rate.