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Frankly, if you don't know why it dropped under 1.00 than you shouldn't be investing. There are many reasons why a stock falls. Sometimes it could be something with company fundamentals, and some times it could just be attacked because it's vulnerable to do so. As a savvy investor you need to know why. And you need to find out yourself. The difference is making life changing money vs losing your money.
when Warren Buffet says to buy when everybody is running for the hills, he means to buy the stocks that have become cheap. Not just anything.
Oh Please. All tickers have games. It's the stock market. It's all crooked
For some reason there are definitely a lot of stinky pinky posters here.
Surprise!!!!!!!
I will be surprised if this does less than 100 Million in volume today. I would expect volume to at least equal to yesterday.
Lets see how that party is looking on Dec 30th 2022, and see who is partying into the New Year.
That's why I don't call daily prices. This will be 10+ by the end of the year. I could careless the path it takes to get there.
The stock is going to go up and down like every stock on the planet does
NIO went from 2.50 to 70 in 7 months with more shares outstanding. Squeeze or not this could be a huge price at the end of the year.
Yep. Sell volume will get soaked up pretty quickly this morning and then off to the races.
Pre market is no indication on how the stock will do today It has only traded 4 Million shares. It will end up trading over 500 Million shares.
The problem is you're not making anything. If you went long at .70 as I did and we argued about it, you would be up 400%+
Its not smart to be shorting a stock where the volume is greater than the amount of outstanding shares. That means the selling volume is drying up very quickly If there are phantom naked shorts that part of the game, those shares are going to have to cover too which is even worse.
Again the risk vs reward is not in a shorts favor. Just as I said when you were trying to short down to .50 from .70.
The market has already corrected from everything you brought up here.
What if big news hits tomorrow?
It's wrong. They haven't been updated.
Well they have 500 Million Authorized shares, but they can't dilute more than that without a Shareholder vote.
We don't know what the current OS is at this time. If they haven't diluted any more than it's 188 Million.
But lets say they have diluted to 250 Million. They would have at least have 300 Million in the bank now.
And they were given a valuation of 2.2 billion for 2023 based on 5000 cars. They now have Pre Orders of 25,000 cars.
But let's just use the 2.2 Billion valuation as the super conservative formula. If they had 250 Million shares outstanding. The stock should still be about 9.00. The market looks ahead so at the minimum the stock should go to 9.00 which also makes sense as the warrants are almost 9.00 themselves.
But again, even if they deliver only half of the 25,000, that's still over 7000 cars more than the original 5000 and the stock will be much higher.
The Outstanding shares was never 35 million. If you look at one of the early PR's when they first listed, it said they had 52 Million shares outstanding.
But they have diluted and now from a latest filing they at least have 188 Million shares outstanding
The Math is still in longs favor. But it wouldn't be a good idea to thing the OS is 35 Million.
It's the same as the shorts saying they only have 360.00 in cash. Simply not true either.
If they hit anywhere near that, this stock will go to 20 pretty quick.
Get out of the way shorts. This is a bull run.
I would guess with he dilution that already happened and the 40 Million they raised from the Feb 7th PR, somewhere around 200 Million
Did that come out before the dilution or after the dilution?
5 Million in volume yesterday. Something big is about to happen
Have you thought that maybe the CEO will be stepping down soon and a new CEO will take over? It happened with Mindmed. CEO sold all his shares and left the company.
Another insider purchase of 47000 shares.
https://d18rn0p25nwr6d.cloudfront.net/CIK-0001852117/42c2e404-23eb-4623-9a1b-8c5e893195e6.pdf
Tesla will probably be interested in Mullen at some point. But they would probably want to see how much market share they are actually taking from Tesla first. If Mullen does indeed appear to be a serious threat, they will buy them out.
AMC invested in gold because they are a declining company.
Mullen is ramping up. And it depends on how far in the future the market will give the premium. Tesla has a PE of 182.
I think the reason why there won't be a major squeeze here, is because the dilution allowed the shorts to get out. Both GME and AMC didn't dilute to raise capital until after the squeeze.
That doesn't mean the stock shouldn't be higher based on valuation alone.
This was probably just an adjustment to market conditions. Nothing has change with Rockley fundamentals. Probably even better since they have more partners.
Quinn Bolton lowered price target to 8.00. Still a double from here.
Again saying 99% don't is just your opinion with no factual evidence. It's easy to say something like that, but back it up with evidence. I am sure you really did research on that.
How do you know it's a scam vs a company that just didn't work out? Was he investigated by the SEC?
Einstein failed many times. Heck even Trump filed bankruptcy 5 times and still made it to President.
That was the final jeopardy answer last night. LOL
I will always root for a short to fail. Always calling for delisting and bankruptcy.
I am about businesses growing and contributing to the economy. I am not about destroying a company for personal gain.
Nice call.
There goes the 50 DMA
Wow. The jump to 2.32
Yep. And it bumped into it earlier this morning and then pulled back. There will probably be a second attempt soon.
It will if it breaks the 50 DMA. That's the key. I am sure there will be another stab at it.