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It's just my trading style to sell into obvious strength. Sharp himself even suggests scaling out of your position incrementally and into strength.
http://www.clippercorporatepartners.com/2020/11/textbook-trading-how-to-sell-high.html
As for bagholders, that's just the way the stock market works for anyone that's trying to swing trade any position with common shares. There will always be someone buying at the top. Netflix at $400+, GME at over 200+, etc.
It's not advice. I've been here since 2021, haven't sold a single share, so this is far more than a swing trade for me. Everyone needs to decide what's best for them and trade accordingly.
I sell into strength. If you wait to catch the top, in all likelihood, you'll end up selling into the pullback as everyone panics and starts running for the exits.
Fidelity to land in crypto...
..and NFT trading, as well as the metaverse. Sharp always seems to be 2 steps ahead.
https://www.tradingview.com/news/cryptonomist:125dfbc1b094b:0/
Great post PB! Couldn't agree more.
Looking forward to the big reveal!
$WNFT
Still as funny today as the first time you posted it.
Spot on. I've often wondered how many times these guys stare at a bottle of Makers Mark with glass in hand wondering why the hell they do this..lol.
That's cool you talk to Ben regularly. I don't know him but have always respected his business acumen. Super cool of you to share his perspective about this merger here.
Thank you Fink. I think with days like today it's easy for some to lose sight of the bigger picture and the efforts Sharp has gone through to make this merger a success.
We've suspected, arguably we've known, what their true intentions have been all along. Today we received confirmation of it.
I think the panic ensued with Sharp choosing the term "seed money" during Forw pr today. Some people can't see the forest through the trees. Best of luck!
Wow Siri. I commend you. Philanthropy is an amazing way to give back some of life's generous blessings. I also think it speaks to one's character. Keep up the great work!
Yep. Some fishy price action during that fiasco for sure. It looked to me like the typical price action during a short cover. Congrats on snagging some cheapies!
There were some sizable share dumps at today's lows too. Oh well, sucks to be them!
$WNFT
Imagine bid dumping 15's...
Oh well, this was definitely an interesting day.
Just my opinion, but it doesn't mean it won't be Wax, or another entity with a $1 billion + mc.
The wording of the pr is important:
"Forwardly has agreed to purchase a warrant from WNFT providing for the right to purchase 5 million WNFT warrant shares at $.32 per warrant share"
Meaning, FORW purchased ONE warrant for $200k that can be exercised for 5 million warrant shares. Those 5 million shares @ .32 are worth $1,600,000.
That's pretty significant. I could be dead wrong, but I don't see a "startup" agreeing to those terms. This also bodes well for the valuation of the incoming asset. Don't forget about the forward split and what that typically indicates.
We'll know soon enough. My money is still on Sharp coming through in a huge way.
People are so clueless. Just to be an SEC filer costs $200k annually. A start up wouldn't need or likely go that route.
I bet this is just part of the payment Sharp agreed to when negotiating the sale of the shell. We'll know soon enough.
Looking for a close near or at .30 today as momo builds with the much anticipated pr from $WNFT
Sure, np. I imagine he does get tons of emails. Just speculation, but I would imagine most of them are tickers people want him to take over. He's at least indicated that much in some of his previous tweets.
R/m plays were undoubtedly the best money makers in the otc. I really liked Synergy. Ben's plays were always good for solid returns. With the SEC 15c2-11 rule I'm afraid that business model is gone for good.
I emailed him about a year ago with some questions and he responded to me the same day fwiw.
As always, you provide an immaculately articulated observation and perspective. I remember quite a bit from that TSNP run. The intriguing commentary from that run to me came from the numerous people that fed into what became a bit of a theme at the time, which was "I sold too early...". A few short weeks from now, I imagine we'll see history repeat itself here.
Have a great weekend!
Congrats to everyone here. A strong week behind us with another equally strong week next week with more material events coming. Hope you all have a great 4th.
Yep! Anytime they are bumped off the bid/ ask we go up. The moment they return we go down. I hope they are getting fried.
It's a beautiful thing, isn't it? =)
Stoked for everyone here who ignored the noise and focused on the signal.
$WNFT
Agreed elks! We're just getting started.
Haha! Well deserved Siri. I might bounce from tda for good over this.
They actually already have. I think that deal was finalized awhile back. Their explanations for the delay thus far are definitely suspect.
Yeah. I call bullshit on that answer from them. Clown show.
Same with tda. The shares I hold in my Fidelity account were deposited the day of the split. Who knows why it's taking these other brokers so long.
Yep. Every day we keep plowing to new ath. At this pace we may see .45-.50 by market close.
You're welcome. Looking for the pqe status change soon as well. I think once the forward split "settles" and propagates across most of the major trading platforms we'll see that happen. My guess is sometime over the weekend or early next week.
Share structure updated.
https://www.otcmarkets.com/stock/WNFT/security
Great post. My thinking as well. This will likely go pink limited before current and will catch people off guard when it does. I bet this will be tradeable by the end of the month at the latest.
Good morning $WNFT.
Should be a solid day here with pending material events on the horizon. Looking for otc markets to update share structure and pqe status soon. Keeping eyes open for that 8-K drop sometime within the next week.
Agreed. Looking forward to getting things underway here.
Wait until it starts skipping nickels.
Imagine if Sharp can get some of these shares canceled like he did with the other 2 shells? I'm confident he will.
Best of luck.
Imagine dumping shares at .005....lol.
Retail never learns.