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I do think it has a chance of being successful.
There are a few issues.
- the name no longer matches their main business line. Their main business line is VayCayChella. Go to their web page to explore: https://www.vaycaychella.com/
- They have done a decent job of explaining the business model, but they have not clarified how they will generate revenue streams.
Click on the link to view their press releases:
https://www.nasdaq.com/market-activity/stocks/wsgf/press-releases
I have not had direct contact with the company, but I think this is shaping up to be a good investment.
What’s your target price?
What triggered the sell off today?
Do my eyes deceive me? I have green on my screen for SNDL! ?????
My goodness 11 minutes since the bell and we’re over 60 million shares traded. If this keeps up, we’re going to have a break out day.
Not a pump and dump play, this is a long and hopefully strong.
The next couple of days will prove to be either a short squeeze or a whimper as it sinks. With the volume today, my money is on a short squeeze.
It’s clear that the SEC has been turning a blind eye to major brokers and hedge funds when it comes to rules for shorting.
To legally short, they have to first borrow shares. How can they possibly borrow 140% of existing shares. It’s not. So they create shorts without borrowing - naked shorting.
If a retail investor tried to do that they would shut you down in a heartbeat, but insiders do it and no one gets called out for breaking the rules.
So the rules only apply to retail investors?
That’s why everyone is pissed about the shorting abuses.
Yeah, I dipped my toe in too just to see what happens, but based upon my last buy and the numbers I’m convinced this is a quick play in and out, get your profits while their hot.
Did you read the entire article you posted a link to? It states that the originator of the DOGECOIN is forever mining new coins to keep the relative value of each coin at approximately $0.01 to keep it revenant as inflation takes its toll. I think DOGECOIN is a long term player for transactions, but it’s not a good investment.
Best of luck to you and I sincerely hope you make money on this.
I wish you well with this, but DOGECOIN is not a good long term investment. It’s a pump and dump.
Just look at the previous weeks run up to $0.075. As soon as the buying stops dilution will sink it back under $0.02.
I thought the same thing, but waited another day and funds were available. In this case you may be better off buying a higher level Bitcoin. DOGECOIN has minted too many coins and diluted the value.
I received the following on an email from Robinhood. Hopefully it’s helpful.
We’re writing to let you know about an update to how your Crypto Buying Power is calculated in your Robinhood Crypto account.
You may notice that your Crypto Buying Power will now only reflect proceeds from the sale of stock, options, and ETFs in your Robinhood Financial brokerage account after they settle. Settlement can take up to three business days. This does not impact your brokerage account.
Where can I view my Crypto Buying Power in the app?
Tap Buy on a cryptocurrency you’re interested in and you’ll see your Crypto Buying Power displayed at the top of that screen.
Are there updates to how my buying power is calculated for stocks, ETFs, and options in my brokerage account?
No. This update only impacts buying power for cryptocurrencies.
Does this update affect the sale of cryptocurrencies?
No. If you sell cryptocurrencies, your Crypto Buying Power should reflect your sale’s proceeds immediately after your order executes. Put another way, you can use the proceeds from the sale of cryptocurrencies to immediately purchase new cryptocurrencies if you wish.
Thank you for being a Robinhood customer. We'll let you know about any future updates and are here to help if you have any questions.
– The Robinhood Team
Because DOGECOINs are unlimited on the total number that can be mined, it dilutes the individual value of each coin as more are brought online.
Good luck to you, I hope you do well, but I think the numbers are not in your favor.
One can’t overlook that the supply of DOGECOINs is going up.
https://www.livecoinwatch.com/price/Dogecoin-DOGE
Yesterday it showed a supply of 113B and today it has a supply of 128B. That has raised the bar to increase the price which would be 128B / 10 = 12.8B. Current volume is 2.2B. That means that people need to buy 10.6B DOGECOINs to get to $0.10. Yesterday the volume was over 4B and it did not stop the price from slipping because of the supply of new coins. https://coinmarketcap.com/currencies/dogecoin/
Now consider the comments by Elon Musk, he has tried to clarify that his comments are intended to be a joke. https://www.google.com/amp/s/www.cnet.com/google-amp/news/elon-musk-talks-mars-neuralink-dogecoin-in-surprise-clubhouse-interview/
I hope you are successful in making money on DOGECOIN, but go forward with your eyes wide open, this is an arduous task to get to $0.10.
This train will take several days to get rolling, so be patient. We will need a lot of money deposited to increase the valuation. $5-$6 billion gets us to $0.04-$0.05. We will need an additional $107-$108 billion to make it to $1.
It’s doable, but it will take a lot of money to get there.
So the company is launching a website that focuses on mortgages for vacation properties and will offer users an opportunity to own percentages of a vacation property.
So, I assume this will all be based on the demand to purchase vacation properties.
In my opinion the demand for vacation properties is tied to achieving herd immunity against COVID.
There is a pent up demand for vacations from people that have been advised not to travel in the pandemic and I suspect that demand will spike when public health officials sound the all clear.
I certainly hope we achieve herd immunity quickly and our lives return to some sense of normalcy.
Good luck to all and I hope we all make money on this launch.
If it follows the same cycle as it has for the last 5 days, the value sinks at night and bounces in the day. Low volume at night causes the price to sink. The good news is the lows are getting higher. I would set the low at .028 or .03.
Today’s news release did a decent job of explaining what the business line of VayCayChella, but it still doesn’t explain how they will monetize the activities.
We’re getting closer but not there yet.
The share dumping at the end of the day looks like shorts closing their positions. This thing should sling shot tomorrow.
1 billion + shares traded today. That’s going to create a lot of upward pressure and start a short squeeze.
Waiting for the short squeeze and watch this thing soar.
The company has not done a good job showing how they will monetize the web services and estimated the demand for non-traditional mortgage services for vacation properties. Obviously this is tied to the pandemic and getting demand for vacation properties back to normal. I think they will get a bump in February when the beta version goes live. Then the next milestone is going live in June.
Solve the communication problem of what and the projected demand and this thing will take off.
Balance on volume is high, RSI is hot, over 160m shares traded, it’s going to form a short squeeze soon.
I am hoping the Biden Administration will be successful at stopping predatory shorting of cancer development companies.
Has anyone on the board seen the company’s brick and mortar location? Or talked to either the CEO or their investor relations person?
Trying to find out if this is more than fluff.
I looked through the SEC filings for a Form 4 supporting your statement that insiders dumped shares. Can you please provide supporting docs.
The price is recovering. Looking for an afternoon rally.
Can you provide the math to support your position. My assessment says it’s book value is $11/share 130M shares / 1.4B projected sales 2024.
There’s a big disparity between Citron Research’s valuation of $60 / share based on $8.6B projected sales.
There’s even a bigger difference in valuation of your numbers. Please do share your math.
Bottom is ~$15 ~$16. Hopefully it gets some hype that will ultimately raise it above that level.
Certainly has the ability to run, just needs a Wall Street analyst to endorse it.
This is the part I was asking you to read:
Citron Research, a firm known for its bearish calls and short-selling bets against stocks, tweeted out that XL Fleet (ticker: XL) is a Buy and worth up to $60 a share. Citron also said in the tweet that it owns XL shares.
The tweet originated at 1:41 p.m. Eastern time. Around then, the stock jumped from $25 to $28 and finished the day at $32.59, up 86%. Shares closed trading on Tuesday at $17.52, so the stock was up roughly $8 before the tweet's time stamp.
Earlier in the week, XL Fleet officially completed its merger with the special-purpose acquisition company Pivotal Investment. The SPAC is the surviving entity, but its name changed. The ticker symbol became "XL."
The merger completion is a largely technical issue because the transaction wasn't in jeopardy. But recent EV SPACs have had a habit of going up after merger closings and ticker changes. Fisker (FSR) stock rose roughly 30% -- from about $9 a share to less than $12 -- in the days surrounding the closing of its SPAC merger.
Fisker stock has basically doubled since late October, partly because of the closing. Wall Street analysts also launched coverage. There was a Buy rating, as well as a Sell rating, but even the Sell call -- from Wolfe Research analyst Rod Lache -- had a price target of $16 a share.
No analysts cover XL stock yet. Citron's $60 price target, values the company at roughly $8.6 billion, based on about 144 million shares outstanding postmerger. That's roughly 6 times projected 2024 sales of about $1.4 billion.
Thursday, XL Fleet stock was down a little in premarket trading, but the move is too small, given the scale of recent swings in the shares, to offer much insight into what the day will bring. Futures on the S&P 500 and Dow Jones Industrial Average were both up about 0.2%.
Did you read the Barron’s article?
https://www.barrons.com/articles/xl-fleet-stock-soared-short-seller-citron-research-said-its-a-buy-51608815221
https://www.barrons.com/articles/xl-fleet-stock-soared-short-seller-citron-research-said-its-a-buy-51608815221
They are saying that Andrew Left’s Citron Research lied to run up the value of the stock. Not a good way to build creditably.
https://seekingalpha.com/amp/news/3647095-xl-fleet-jets-even-higher-after-citron-steps-in-bull-call?source=feed_f&utm_campaign=twitter_automated&utm_content=news&utm_medium=social&utm_source=twitter_automated&__twitter_impression=true
It looks those shorting the stock are getting pounded. Good luck if you took a negative position, you will need it.
I suspect this is getting a lot of attention because of the following tweet: https://twitter.com/citronresearch/status/1340009977428111360?s=21
Citron Research mentioned OLUG in tweet:
https://twitter.com/citronresearch/status/1340009977428111360?s=10
Lots of shorts posting which tells you there’s a lot of money to be made here.
I believe it was pulled down by announcements of further COVID lockdowns. Seems ironic that a COVID vaccine is pulled down by COVID restrictions. I believe it will rise after the news settles in and more buying pressure.
I believe it’s being pulled down by announcements of further COVID lockdowns.