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Sure Did BB,,Still
APLD has had this history of moving up on small share volume and down as well. Today most of the volume came in at that dip point. Maybe some were taking out of others hands. The remainder of the days volume wasn't that much. Always a bit weary when I see low float tickers drop on heavy volume. The question is now will there be follow on volume to push it up or sink it lower. We've had two broken supports [$4.00 & $2.50] $2.50 is going to be an interesting zone. At the same time the crypto nosedive surely hasn't helped. Maybe they get uplist approval, but delay listing until the clouds clear.
Significant Wrecking Here..
The volume on the drop here was remarkable. Lots of trades & dollar volume today. It bumped a bit off the bottom. Interesting next few days here. Market cap probably got a well needed shave off for the interim. Can see that $2 lower support getting tested again on low volume. Volume will be something to watch.
Well. Going to Be Interesting.
I agree, they have accomplished quite a bit. And, the prospects are good, but the cap size is getting a shave off today. Albeit on just a few trades. Back under $3. Whole crypto/equity sector been in a swoon. Hoping for the best here, but am concerned about 2 things. If indeed they are no longer a ETH mining company and that cap vs revenue generating peers MARA/RIOT etc.
No Updates,,but..
The web url was renewed last Sept.[https://www.whois.com/whois/sljbmerger.com]
They could have let that lapse, but renewed. Expires again in a few months. Maybe Krisa sells it & something kicks off. They seemingly abandoned it or never had true posession as Star Wax is back in the fold in the courts it seems getting a new laiar.
Nice Week Here.
Blood on the streets, but this managed a nice 31% uptick. Once it breaks through $2.20 it should be clear skies ahead on it to that top at $3.50. $2.21 is ATH close!!
Got to wonder what the top spike will be when they release any news/filing. May have clear skies to $1B MCap if the story hits right.
Interesting Read...
https://www.forbesafrica.com/crypto/2022/01/03/billionaire-crypto-pioneer-says-market-will-grow-to-tens-of-trillions-of-dollars/
"Wu stepped away from Bitmain at the beginning of the year to focus on his role as chairman of two spinoffs which are both based in Singapore—Bitdeer Technologies, a cryptocurrency mining platform that’s already announced plans to list on the Nasdaq at a $4 billion valuation"
https://www.forbes.com/sites/zinnialee/2021/11/19/jihan-wus-crypto-mining-platform-bitdeer-to-go-public-in-4-billion-spac-deal/?sh=7dbab0124263
Meanwhile, all solid here on TCRI. VWAP nearing peak. Good Dollar Volume/Order Flow
Upside?....
+..
Taking a look at this [https://www.marketscreener.com/stock-exchange/sectors/World-99/Technology-57/Financial_Technology_Fintech_Infrastructure-30/Financial_Technology_Fintech_Infrastructure-10/Blockchain_Cryptocurrency-30/_757rKf/]
APLD is sitting as a top 7 in terms of market cap [top 4 if you remove grayscale & coinbase] in this sector. Got to wonder what's the upside on the cap size at these levels. It sits at about half the cap of RIOT/MARA.
Many Battle Lines..
There were times here when it was battling to keep the bid at/above 10c. Back in November when there were like 5 posters here this was not the hot item and getting past 13c was the achievement after it failed to do it 5x! LOL. All in time. Thinking a green close may be in the works today.
Good For You Chips..
Will have bumps in the road for sure, but should easily achieve a market cap in excess of $500M with any asset intake.
Idle Musings/Wonderful Week
Seems many who jumped in this week are getting that shook ones feeling! LOL. Hilarious, once you're in one of these shell tickers, start measuring your movements in weeks, and not days & ticks. This is doing great, some have to bag hold for a bit, just the way it is- OTC retrace is always going to happen! First run hit $$1.10, retrace knocked it to .42c. This run hit $3.50, knocked back to $1.30...Tune back in come March.
CTemp..O
Seems like some on this board have gotten a bit personal with this stock. Truth be told, I know nothing of the mechanisms of the management here or in the past. This stock, by virtue of it once being a pink current, fully reporting, and a listed blank check category, not to mention it being 6c back then and a market cap likely way under $1M was a great investment setup. This was more of an investment in the share/capital structure. Sometimes, on the OTC you just got to spot value. This was a good play, I'm not sure how it appears some "traders" are upset with it. 6c to $1.50 is a win. If this goes to .0001 on this share structure, load the f'UP! LOL. GLTA
Question To You Smart Fellas..
So in the process of updating the iBox here, had to rewind an recheck some info. So at the Bitmain Conference [
Wes states "we are a hosting company, blockchain infrastructure...we are hosting only, we don't mine" Maybe, I have not kept up fully, but have they fully pivoted to just the data center business. I had to flip back a bit to the first investor presentation we got after the reverse merger. [https://ir.appliedblockchaininc.com/assets/uploads/2021/04/APLD-Investor-Presentation-April-2021.pdf Versus latest [https://ir.appliedblockchaininc.com/assets/uploads/2021/10/APLD-Presentation-for-Web-July-2021-NEWW.pdf
So has this lost the ETH play edge? The ETH mining was a big appeal of things here! Can you smart fellas give some insight? TIA!
"We don't mine" seems contrary to this https://dallasinnovates.com/applied-blockchain-signs-deal-for-large-scale-ethereum-altcoin-mining-operation/
Also spotted this little nugget
Another Strong Day,
Have to appreciate everything that's come in here. 2nd consecutive $1M Dollar Volume day, highest close, VWAP approaching $2 and clearing out the lower price levels. 25% of the total dollar volume over the last 18 days occurred today. On pace for highest weekly volume ever, Leveling Up! This volume may dwindle a bit from here as holders clutch tightly & the battle for available shares ensues. GLTA
Cap Size? Or Capsize?
LOL. It's got room on the cap side if they bring in assets. Using APLD as a template, here the O/S was 9M at the onset of the shell.
There have been many issuances after, but the business has been given a $1-1.5B market cap. Think at a minimum, any asset Phoenix brings in sends it to $500M cap. (~$7.50)
Good To Hear Grouse.
Good to hear some have ridden the wave on TCRI. There's surely a lot of unknowns there, but you have to like the setup & share structure. It briefly hit $3.5o today. One hint of Pheonix reality & it maybe at $5-10. Lots of big holders holding 200k-1M, on a 9M float.
Really Have To Like the Execution Here.
APLD has really been hitting all the right notes of late.
While the price has been sluggish & the volume really anemic it's good to see things are setting up for the future business.
Also hope some of you fine gentlemen have ridden the TCRI wave up. 14x since it was posted here in Nov.
Ah, Okay Belg.
Guess it's tough going with international brokers to get access to some tickers. It has had a nice run. Yeah, the OTC is not for the faint of heart for sure. 50-80% drops are typical manipulation swings at times. Look at IQST today, huge swing.
Hey BelG..
Did you get that TCRi?? GL
Cap on Cap.
I agree with you DD, caps matter. Take a look over on my board over at WGEI, another good one with less volume at the moment. Traders need to look at the moves on previous low O/S caps ticks/shells like [APLD/WSCC/IHAI/APSI/TCRI/ARAT/FCIC] They may take time to deliver, but they do deliver & sometimes alot. I can understand previous holders being upset when all they see is the bleeding price. But with every crisis, there's an opportunity. I'm in for a few. GLTA
ChipsAhoy.
Yeah, do see they're consistenly updating the S1 filing. Last one was yesterday. Don't mind the movement once it's on low volume. Hopefully it has some support over $4 for the first quarter & maybe ETH gets its legs back