I knew that would be a very conservative price target when I put it out there.
But I also put it out there before any of the volume came in on Thursday so I was flying volume-blind
And then Friday finished off the convertible debt for good
So the stock more than quadrupled even with the sales of approximately 88M convertible shares taking place during that 1.1 day time period -- that is ridiculously rare and proof of the extremely high demand for MJTK shares
That type of selling pressure, which has plagued MJTK for months, is now gone.
You can see the difference in the volume/price change ratio in the late afternoon, as it took much lower volume to move MJTK upward an equivalent price as it did earlier in the day.
The ask will be a lot thinner this week and the stock will move more rapidly upward on an absolute price basis
As long as the volume is there.... that is the caveat
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