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Could this be why we haven't heard who we are partnered with yet? Perhaps it's about to be Intel via Tower? Hey, it's possible.
Intel is near ~$6B deal to buy Tower Semiconductor, per Bloomberg.
I'm simply making some technical based guesses as to the possibilities of where the price will go. The timing is even more of a guess. If the h&s fully plays out then I'd assume that happens in the next few weeks maybe? Overall market conditions play a role too.
But you can also look at our volume support levels as further evidence for where we might drop to if the current support trendline fails to hold.
News can obviously change everything though. Lebby could announce tomorrow that we are working with GlobalFoundries and this thing could hit $20 in the blink.
There are a few things I'm seeing on the chart right now. First of all, this little head and shoulders pattern seems to be playing out right now. Unfortunately, that ultimate downside target brings us back to sub $9 levels. I'm watching for a potential dead cat bounce type of move going on this week.
On the brighter side, we have this white uptrend line acting as our support. As long as this trend holds then we should be good to go for another bounce; I'm guessing at least back to those EMAs closer to $14. Speaking of, notice how the 21 EMA(orange) and 55 EMA(purple) have never crossed each other to this point. Hopefully we see this play out for a third time.
Side note: I would also like to point out that a daily bar closing above the red Hull Ribbon is usually a solid signal to buy, while when we see a daily candle close below a green Hull Ribbon then we can typically expect more downside coming.
Lastly, the mid-term fib extension now puts us somewhere between $23-$32/share. I would expect that we see a pop to this area, only if the foundry partners are top tier 1s. From there it's really all about revenue guidance and how far out our revenue truly is.
JMO of course!
Excellent find here, Steve. Thanks for sharing!
GlobalFoundries presented at ECOC yesterday about an hour after Lebby finished up.
Global Foundries Technology Summit is tomorrow. Just an FYI.
https://gf.swoogo.com/GFTechSummit2021-NorthAmerica
https://docoh.com/search?q=silicon+photonics
Very cool! Thanks for sharing.
This ECOC presentation on Monday afternoon sure looks interesting.
Hook me up with some Twitter likes for a good cause.
$LWLG send 50% of the profit to St. Jude Children’s Hospital
— ScottE (@atlsutiger) September 9, 2021
I believe so, yes. And 6-8 weeks is the typical length of time for a Nasdaq Application to Approval window, depending on whether or not the company has their shit together.
Edit: actually, that July 9th was the $100m shelf effective date. That's when they were able to start selling those shares.
If you are playing the swings, then yes, take your profits when you can. If you are long then none of this price action really matters. Simply buy more on the dips. Most are here for $50-$100 levels. I'm not trying to get hit with short term capital gains on this. That's just me though. Everyone has their own plan.
Are we surprised big fish want in lower? To be expected. And this is very clearly getting walked down before the conference. Hopefully partnership news isn't too far out. Just keep smiling and buy the dips when they come :)
The current setup I'm looking for on a dip buy. That $22 is getting hit before EOY. I have no doubt.
I'm guessing we see a pop to $12-$14 next week followed by a drop back to $8-$9 unless we get more price supporting news before the conference. Although I think Lebby then takes us back up to double digits after the ECOC presentation...maybe $11-$13. Again, just a guess. Whatever happens, I'm kicking back and enjoying the ride!
This thing is headed back to the teens next week. I doubt it stays there, but if they happen to have some other news to go along with this Sept 1st uplist date then things could get very interesting. Lebby has timed this perfectly so far. We shall see.
I assume they start by reaching out to the NASDAQ team I emailed and get started that way. I’m sure they have a rep helping them along the way. Heck, Lebby might even give the uplist update during today’s presentation, as I imagine that’s kinda a big deal to these folks.
Clarity from NASDAQ regarding the uplisting:
First of all, companies typically don’t choose which tier they will qualify under – NASDAQ will review all companies against every standard and the appropriate tier will be selected.
If they uplist via Market Value then there is a 90-day lookback period for both the bid and closing price. So the price would have to maintain those levels for at least 90 days.
If they uplist via Equity Standard then there is no 90-day lookback period for the bid and closing share price options.
Lastly, once the companies meets all requirements from the appropriate tier, each company decides when to submit an application for uplisting, and that timing decision is up to the executives/board.
Looking at our projected monthly cash requirement progression from the last several quarterly reports:
August 2020 - $588,000
November 2020 - $600,000
March 2021 - $700,000
May 2021 - $706,000
August 2021 - $816,000
How much higher will the monthly cash requirements get as we move closer to commercialization? The way Lebby is talking makes it sound like that step is very near, although I still think 2023 is the realistic target.
Imagine that, Mr. "White Diamond" already accomplished his mission with LWLG. What a hack.
I'm actually ready to move on to the next play. And I know that $LWLG is pretty much your only focus, given your profile. Soooo, block. Sorry man.
— Adam Gefvert, CFA (@Shiningboy) August 15, 2021
Well the 10-Q most likely gets released on Monday. I'd guess we will see more covering take place.
No harm in linking to a public Twitter account.
https://twitter.com/Shiningboy
The timing of these last 3 PRs(1/week for last 3 weeks) suggest they were likely meant to help support the current share price/valuation while they wait to announce the NASDAQ uplist (or something bigger), which I think comes after their ECOC presentation next month. JMO.
I also wouldn't be surprised to see yet another supporting PR next week.
I'm tempted to start slapping the ask here just for fun.
They should have made this hit piece a little longer. It was too short.
And it for sure needed more screenshots of this IH board.
This is a great sign for LWLG based on what these clowns wrote about MVIS last year.
https://seekingalpha.com/article/4363765-microvision-risen-over-1000-percent-on-delusional-retail-investor-dreams-0_15-price-target
Intel wouldn't just start buying up LWLG shares. They would first announce an official tender offer to buy the company and then the shareholders get to vote on that offer.
Addressing one of the main concerns of their polymers. Lebby is silencing any doubters one PR at a time.
Meaningless FUD. All they can do is write crap to try and scare people out of their shares. It works on some people though. However they can't stop Michael Lebby and his team from doing their jobs.
Right now, we all have three options:
1. Continue buying the dips.
2. Take a step back and stop monitoring the daily price action so closely.
3. Sell shares now and hope to buy at a lower price if you want to play the swing game and maybe even risk a wash sale.
I decided last month that I'm not going to play the swings here. I will buy on dips and hold for at least a year. I'm almost out of ammo though so I will eventually move to option #2 and simply wait for partnership news.
Hey Bart, I really appreciate the background. It makes me feel better knowing you are still holding 2 year old shares. Best of luck!
Sorry if I made the wrong assumption. Maybe a quick introduction would help us here?
My name is Scott. I live near Atlanta, GA and love my LSU Tigers, hence the user name. I'm a new LWLG investor and am also new to this IH forum. You can also find me on Twitter, Reddit and StockTwits posting under the same user name.
As a long time LWLG long, I'm curious to know why you only post random questions and project doubt. Are you not fully confident in your investment? You have also shown no excitement at all over the massive move LWLG made in share price last month. Did you sell any shares in the teens? Do you post under the Crmar user name anywhere else?
As a new investor it helps to hear from long time LWLG shareholders like you.
Thanks!
If you look at your post history, it is quite impressive how you only post the very subtlest of FUD while continually reminding us you are long LWLG.
Not sure. Either way, we are close!
https://listingcenter.nasdaq.com/rulebook/nasdaq/rules/nasdaq-5500-series
Perhaps, but it actually looks like they have already qualified with the $2 closing price for 5 consecutive days, along with the net tangible assets in excess of $5m.