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He will say it the whole way to dollar land lol.
I'm not surprised given the volatility over the last couple weeks. Too many people expecting the price to dip so they are profit taking regardless of news or company outlook. To each their own I guess
OMG the MaRkEt CaP went from 300 mil a few days ago to nearly 900 mil today. How did this happen?!?!? Lols
For sure coming soon. Looking at the weekly now and you're correct judging off the weekly chart. Days away is right maybe even tomorrow.
True! According to the chart I am looking at they 200 day moving average and 50 day moving average lines have already met. Tomorrow or the next day could actually cross for a breakout/rally. Bull signal for sure in the very near future
Now you're getting it haha
But the market cap? Lol
Interesting.
Yeah everything is up mostly. Wallstreet is expecting that stimulus bill to pass tonight or tomorrow.
Probably. I'm done explaining it. If one can't see the value here with ASTI then ok. I will continue to load what I can when I can because I see the future long term value regardles of current share price.
Market cap is fickle and constantly changing. If you focus solely on market cap you have much to learn and are only doing yourself an injustice if high or low Market Caps is what solidifies your decision to invest. We can ignore market cap because it only focuses on price. Price does not equal value. Market cap moves with the stock price. It is not a set in stone number ever. So one can look, take note smile or frown upon it but it changes with every trade. Dont worry you're not alone. Many investors look at Market Cap as the driving force for their investment decisions. All the power to them. It's a mistake and newb move though imo and can bite you in the ass.
Stock plummets and so does the market cap. Then investors cry about it and say, "But the the market cap was 10 billion yesterday". Likewise investors cry about a stock that's market cap is low then sky rockets and then they cry, "but the market cap yesterday was 5 million how is it 5 billion today?". Because they never looked at the true value of the company. They only looked at the price. Price fluctuates with every buy and sell order and the market cap with it. Hope that answers your question if not then idk what to tell you.
Case in point look at Gamestop... do you really believe their 15 billion market cap justifies the real value of used video games? I sure don't. But people buying it has moved the market cap up significantly because they keep buying shares. Meanwhile the local Gamestop parking lot by my house is empty with no customers
Yep! 100% accurate!
I hear ya brother
That and Market Cap changes constantly with every buy/sell order. Market Cap is good to get an idea but never tells the whole story. Any time I see someone say "look at the Market Cap" whether they say it in a negative or positive light I say to myself, "Newb trader here" lol. Market cap never tells the whole story. There could be sell off in 5 minutes and the market cap will shrink. Likewise it could sky rocket if everyone buys.
You can buy a car $50k but doesn't mean it's worth $50k. It's just what you paid for it. Likewise you can buy a car for $20k and the next guy will think it's worth $50k and is willing to purchase it for that much. Market Cap has to do with price and has nothing to do with the value. It's just a multiplication of the last transaction price by the circulating supply.
Yep it's unfortunate. Sadly even with an up list for ASTI(which is awesome) there will be people that will have a knee jerk reaction seeing their shares being reduced and hearing "reverse split". The value won't change but them alone seeing the share reduction will have them upset thinking something nefarious is happening and they will sell their lot not knowing any better. Reverse Splits is such a dirty word in the market most just automatically assume a rs is bad without much thought.
Those same people will cry pump and dump, scam etc. after an rs even though the share price will go up right in front of them. Their ignorance is what will cost them once an rs happens. We want ASTI to reverse split. A buy back would be best but is not likely. So an rs is the next logical step once the pps gets to a higher price and is showing strong support for that price.
Fractional shares are rounded up I believe depending on what fraction. if not you get what a fractional share is worth. So if you had 71428.5742 the company would round your half a share up so you would have 71429 shares. Or they pay what a fractional share is worth. Either case they have to make sure it is all equal to your original investment. Otherwise it's theft and reverse splits would not be a thing lol.
Many think reverse splits are bad and most of the time they would be right. Most stocks rs because they are in a downtrend and trying to stay listed. So it is usually a sell signal because the company is doing bad. So sell offs happen which inevitably drops the share price. The split itself does not lower your share price or raise it. It's the attitude of shareholders and other investors that impact the share price by buying or selling post split.
If ASTI does an rs it is the rare case of up listing. So disregard anyone that says otherwise. ASTI would not RS unless to up list. Simply because with the current OS a RS makes zero sense unless to up list and being ASTI is in an up trend.
It would not be bad in the case of ASTI as it would accompany an up list. Let's say you own 100,000 shares at 0.70 making your lot worth $70,000.00 pre-split. 100,000 × 0.70 = $70,000.00. ASTI does a 1:10 RS at 0.70. So 100,000 ÷ 10 = 10,000 shares and ASTI up-list to $7 pps post split. You have fewer shares but each share is worth more. Your overall investment value has not changed. 10,000 × $7.00 = $70,000.00. It's an accounting trick and is like trading in twenty single dollar bills for one twenty dollar bill.
The up side being now you are on the big board with good chances of attracting more sophisticated investors that won't even look at penny stocks. Thus pushing the pps up. It could go from $7 pps to $10 pps or higher. Likewise it can dip lower. All depends on how investors and shareholders behave post split which noone can predict. Good news and revenues should accompany an up list in order to justify the up list. I would imagine ASTI will do this before they go that route.
The takeaway though is during a RS your original shares are reduced for new shares that are worth more but equal to your original investment. Losing money or making money post-split depends on investors and the market. Just divide the number of your shares by the split number(whatever that will be) and you will have your new share count. Forward splits work the opposite. You would multiply your share count by the split number however the pps does not change just the share count. Hope that helps.
People like to be dramatic these days.
Agreed. I will be the first to say ASTI was hot garbage when I bought in a couple years ago. I believed in the product but not the ownership and management. Thought maybe one day it would take off. Regrettably I sold millions of shares last summer. Not because I lost faith but more or less figured, "ASTI isn't doing anything at the moment I will come back and pick back up what I sold off later". A month later things started picking up and since then been kicking myself in the ass lol.
I still have a respectable position but really wish I had the 2.5 million shares I sold off last summer. Live and learn I guess. You're right though. Billionaires don't buy into failing companies without a game plan and expectations to make it grow. Once these filings are all in, and more positive or even decent news and PRs start coming we will see exponential growth and gains.
All of the filings from 2020 will be awful. It is expected. All we want from them is the filings to get current. None of us here who have been here are expecting awesome filings we just want them done so they can be current with the SEC and so nothing is holding back ASTI. All the positive changes occurred in and throughout Q4 2020. Do a little more DD for your benefit. If you decide to invest great! If not well then ok. Just don't come back here in Q2 or Q3 talking about you should have jumped in today.
Again we know every filing in 2020 will be abysmal because all the positive changes happened in Q4 2020. We just want the filings so they are current. Nothing more nothing less.
I'm apparently late on the 10-Q lol. Others have already mentioned it. My bad ASTI family I didn't look until this morning.
Yep. Appears they are doing everything we have all been speculating for a while and what Doc has been saying. Good things coming for sure! Can't wait! Crazy to think this time last year ASTI was a dumpster fire.
SubPennyBoater guessed this month they get it knocked out. I'm thinking he will be right. Would not surprise me if we get a filing every week in March for each quarter in 2020
10-Q released yesterday. Looks like period Dec 2019-March 2020.
Nice to see some green on my portfolio. Better close than I was anticipating going into the weekend
No amount of advertising is going to change investor sentiment since Jerome Powell decided to run his mouth yesterday and scare everyone. Buy the dips.
I know... it's irritating to hear, "Crash" when it's not. But whatever. Buy the dip lol
As of writing this all my stocks are red EXCEPT ASTI. Up 3%
Hahahahaha. I don't believe I have ever gone to YouTube for sound financial advice.
100% agree. We would see a correction before a crash.
Thanks for the heads up. Will load up more tomorrow then.
Yep same here! And right now if it ever went to sub-penny again due to a crash and knowing what we all should know by now then, sub-penny pps would be a gift from the heavens. Ultimate chance to load on a promising company that would do well on a recovery.
My pain of seeing my profits go out the window would instantly be cured by the amazing buying opportunity placed at my feet.
And I will buy millions more if it goes back to sub-penny which again is highly doubtful.
Only emotionally driven short term traders/investors see a crash coming. Given a global economic recovery is expected once Covid is in the rearview a crash is doubtful. Possible but not likely. Besides, as long as ASTI operations remain solid and its prospects remain decent, even in the event of a "market crash" it gives one the opportunity to buy even more shares in the business. If one is short term on this ticker they will have a bad time for sure given the volatility. Longs will reap the rewards here.
Hypothetically let's say even if your crash does happen it will be short term. If it doesn't happen before May it wont happen at all. Just my opinion.
Agreed. I bought more on the dip
I disagree strongly but glty.
Their problem not ours lol
Looks like new filings are out.
Exactly. I'll take slow and steady. The NASA news was awesome but I didn't expect it to cause as much uproar as it did yesterday. Only because the takeaway message was NASA chooses ASTI for "Experimental" project. It's great ASTI was selected because at least we know ASTI is not being stagnant, is actually making moves and we all now have an idea of company direction. All awesome and even more awesome ASTI let shareholders know with PR. That word "experimental" however, means just that. It's an experiment and has not been proven just yet.
We all obviously hope the experiment goes well and ASTI gets more good news(I for one am confident ASTI will kill it) but experiments also can and do end in disaster sometimes. So if you look at it from the perspective of a new investor one has to consider the possibility of that experiment failing NASA turning away from ASTI and going elsewhere. Investors may still be a little reluctant in jumping in. Not to mention ASTI still waiting to get current on filings. So that is why yesterday I was a little surprised by the volume. I expected some but not over 1 billion lol.
Now if we get news later that experiment went well and NASA wants to jump on the ASTI train then that will get real attention and send the stock up.
I digress a little but yes definitely no P&D here and the long game looks promising here. GLTY