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Yep, extremely thin. I'm looking for a break of .0038 on any decent volume. Should be an entertaining week.
All the best,
Knife
I believe the buy back is a good idea considering their shares are so undervalued and they have the cash flow to do it. The constant updates are amateurish and unnecessary though and appear only meant to appease complaining shareholders. I would like them to stop with the updates and just let the filings show their progress to those who actually read them.
All the best,
Knife
I agree, they have little incentive to want the share price to go up as they are buying back shares, other than to reduce shareholders whining. With the current cash committed to the buy back they will not reach their stated share reduction/timeline goals, it will have to be increased. However, if they continue to grow their revenues and earnings at the pace projected, they can easily add more resources to the buy back, I expect they will modify it in the next few quarters.
All the best,
Knife
The 200dma at .0029 has established itself as support while the 50dma continues rising sharply. I expect a 50/200dma Golden Cross to occur within the next two weeks. There will be moderate resistance around .005 but I am really looking to .006 as the next challenging resistance level.
https://schrts.co/sCfJUKZY
Good times ahead,
Knife
Because the previous short reading was just under 50k shares then went up to 604k shares, an increase of 1114%. But, the total number of shares short it insignificant with a total value of roughly $2k.
All the best,
Knife
Well stated, I agree.
With the growing revenues and profits they will also be able to pay down their remaining debt in in addition to the share buyback. HIRU is the best positioned company I have seen in a long time.
All the best,
Knife
The Ask remains paper thin, it will only take a few million slap to break .0036, coming soon enough.
All the best,
Knife
Amazing what a little volume can do, consolidation appears complete.
Buy-Hold-Retire before your old,
Knife
Looks like we ran out of sellers, volume has died as expected in a consolidation.
Good times ahead,
Knife
The company continues to grow their revenues and earnings while repurchasing / retiring shares at the same time. You don't have to know much about the markets to see the potential here.
Good times ahead,
Knife
Nice update, the company continues to take care of business, shareholders should be pleased.
All the best,
Knife
Its been a very nice chart consolidation so far. Support around .003 being established while the RSI has reset back to the mid 50's. The 20dma is catching up as additional support while the 50dma slowly climbs but lags as usual.
https://schrts.co/fTphRgIh
Lot's to like here, all the best,
Knife
Many people will be saying that soon.
All the best,
Knife
Reposting reply to post 54102 so I can sticky it.
Well stated, maybe this will help with your response to your associates. Keep in mind that I am primarily an investor based on the fundamentals of a company. I do some light trading but for that all you need to do is learn how to read a chart reasonably well.
As you mentioned, the company has many things going for it, yet the share price remains lower than expected. One of the things I love about the stock market is that beyond all the chatter and perceived complexity it all breaks down into a few basic math calculations. You don’t want to buy companies that are going broke, so you read the Balance sheet and compare Cash/Receivables vs Current and Long-Term Liabilities. From there, see if the core business makes money or not by a quick look at the Income Statement and see if they have any Income from Operations. If not, the cash burn until they do go broke or need to raise capital can be calculated. There is a little more to it, but overall it’s simple stuff.
But what about the share price? It’s a math problem as well, basic supply and demand, but for the shares of the company not a product. With HIRU the supply of shares coming off restriction (500m +) into the Float was more than the demand, driving the price down. I underestimated this myself and got stung a little in the short term. However, the supply side of the equation is no longer overloaded with only 8m Restricted shares remaining, now all we need is demand. The company buying back shares will help but the real boost will come when more investors/traders realize the company is profitable and expanding. This takes a little time for people to figure out and is generally driven by quarterly numbers or press releases, both of which are coming soon enough.
When answering the question “if the stock is so great, why is the price so low?” It’s simple, Supply outweighed Demand due to the conversion of restricted shares, and Demand hasn’t kicked in yet since people have yet to realize how good the company really is.
It’s just math, hope this helps,
Knife
Well stated, agree completely.
All the best,
Knife
They now have a qualified accountant and Audited financials are in the works.
Facts > Fear,
Knife
Well stated, maybe this will help with your response to your associates. Keep in mind that I am primarily an investor based on the fundamentals of a company. I do some light trading but for that all you need to do is learn how to read a chart reasonably well.
As you mentioned, the company has many things going for it, yet the share price remains lower than expected. One of the things I love about the stock market is that beyond all the chatter and perceived complexity it all breaks down into a few basic math calculations. You don’t want to buy companies that are going broke, so you read the Balance sheet and compare Cash/Receivables vs Current and Long-Term Liabilities. From there, see if the core business makes money or not by a quick look at the Income Statement and see if they have any Income from Operations. If not, the cash burn until they do go broke or need to raise capital can be calculated. There is a little more to it, but overall it’s simple stuff.
But what about the share price? It’s a math problem as well, basic supply and demand, but for the shares of the company not a product. With HIRU the supply of shares coming off restriction (500m +) into the Float was more than the demand, driving the price down. I underestimated this myself and got stung a little in the short term. However, the supply side of the equation is no longer overloaded with only 8m Restricted shares remaining, now all we need is demand. The company buying back shares will help but the real boost will come when more investors/traders realize the company is profitable and expanding. This takes a little time for people to figure out and is generally driven by quarterly numbers or press releases, both of which are coming soon enough.
When answering the question “if the stock is so great, why is the price so low?” It’s simple, Supply outweighed Demand due to the conversion of restricted shares, and Demand hasn’t kicked in yet since people have yet to realize how good the company really is.
It’s just math, hope this helps,
Knife
The company is generating plenty of profits to enable both the paying down of debt and stock buy back, both of which are beneficial to shareholders.
It's going to be a very profitable year here IMO.
Buy-Hold-Retire before your old,
Knife
Lots of potential volatility that's for sure. In the bigger picture the RSI for the Weekly chart is only 64, plenty of room to run there.
All the best,
Knife
Textbook consolidation going on. Bids are increasing and rising in price as the Ask crumbles away.
Good times ahead,
Knife
Should be an entertaining week.
All the best,
Knife
It's not her personally buying shares but the company's stock buyback program progress that she is talking about.
All the best,
Knife
That was a decent Ask slap, moves a lot since the Ask is thin.
Good times ahead,
Knife
This could get interesting, picked up a starter position today.
All the best,
Knife
Well stated, completely agree.
All the best,
Knife
The profit taking in the past two days put many shares into the hands of new holders that will sit on them for a while. There appear to be few sellers left at the moment but I still expect the shares to trade in a range of roughly .003 - .004 for a few days allowing the moving averages to catch up a bit before the next move.
Time will tell,
Knife
If the company continues on it's path of solid profitability as expected they can easily increase the amount of the share buy back to reach their stated share reduction goals. $25k/month meets with their current financial needs but can easily be raised to $50k/month etc. as their revenues and earnings continue to climb.
Good times ahead,
Knife
Prefer if they just focus on day to day business and give buy back updates weekly or monthly.
All the best,
Knife
To each their own, none the less there was a lot of chasing yesterday.
Good times ahead,
Knife
Flipping is all in / all out, my core holdings remain largely unchanged.
Your welcome.
I trade around the edges of an enormous core holding and pocket the profits to put towards other investments. The pending breakout from .0024 was obvious and those who sold below that had to chase to get back in, the statement was correct.
Good times ahead,
Knife
Thanks for the cheap shares on the consolidation, ready for the bounce.
Too easy,
Knife
Yep, healthy for the chart.
All the best,
Knife
Nice volume on the churn this morning.
All the best,
Knife
HIRU is finally starting to get the attention it deserves. More eyes, more buys, the future path is clear.
Buy-Hold-Retire before your old,
Knife
Highest volume in roughly two months and the PR hasn't even been released yet.
Good times,
Knife
So you didn't really believe it was going to Trips eh? Predictable.
The PR announcing the Q1 numbers and buyback hasn't even been released yet. Only those already following HIRU know about it so far.
Good times ahead,
Knife
We may have already exceeded yesterdays total volume, nice.
Buy-Hold-Retire before your old,
Knife
As thin as the ASK has been, it will be interesting to see what kind of move is in store for us the rest of this week.
All the best,
Knife