Aqua Metals Inc. (AQMS)

[FairviewInvestor]

Lobster - share price dropping back down for another $2.00 test is always a concern.

This is still very, very much a show me Story. After years of Clarke and Co at the helm the market has seen inflated expectations proclaimed, over and over, only to be followed up by underperformance on execution.

Now we have a new team ( sort of ) and they are cashed up.

The recent 'news' of offering closed, new management, board + insiders buying shares was all good and encouraging... but doesn't guarantee anything.

I took this run from $2.00 - $2.50 as more of a sign of some shorts covering to de-risk if all the above means the corner has been turned.

Once we got to $2.49 yesterday and suddenly 50K+ shares parked on the ASK and sat there at the same level even though 10K 13K share purchased were hitting it... I took it as a sign that it was an iceberg order that was endless and which would eventually exhaust any shorts covering and new buyers alike.

based on that I took my $2.27s off the table for a $2.47 avg.

BUT then as close a 54K share block settled and wiped out that ASK.

i WAS like, oops.

Monday will tell me if I was stupid to do so. if we dip back to my previous avg. I will buy more.

Disc: I've been eyeing AQMS since December to buy around 100K shares.. but have been waiting for a couple of my other big Risk/Reward plays to either come good for fold like a house of cards before I took on another.


I hope this one doesn't take off with out me. Made a lot of money from the $9 - $17 run a few years back....