Coda Octopus Group Inc (CODA)

[tiedyed1]

Full disclosure: I am Long with a large position started long before the reverse split. With such a small float I am not seeing short sellers of this position but some larger holders grabbing gains and some trading the volatility.

On 2/6/18 I posted my excitement about the potential for this technology. The contract at that time was for the prototype.

Monday's pop was the shot needed to bring attention to the potential to now take that prototype to the next level and transition it to a fully operational system to go into production within 12 months. (Anne Marie will deliver it much faster than 12 moths too!)

I feel the news was misinterpreted in the pre-market trading on Monday and I sold 33% of my position at $8.40. Today I repurchased the same shares at $4.40. So I guess I can be considered a trader of CODA this week.

While I remain ecstatic as to the potential of this technology and future contracts, there is no use guessing the potential value yet, unless the Company issues a press release indicating that potential.

In the mean time I working on potential names of my next boat which I will honor the gains CODA has given me :)