DD ON SHMP, CURRENT STATE OF PPS, AND WHY IT WILL BOUNCE OVER A DOLLAR:
1. THERE is a retrace that goes on after days of upward momentum...Shmp just had a normal and healthy pullback after being overbought, hitting a peak of 100 on the rsi. While it isn't unusual to be so overbought in a very hot stock, it was way overdue for a pullback as dramatic as its unusual days of climb.
2. THIS drop that HAD the same exact pattern that started last Tuesday February 5 (look at a day to day chart) that lasted until thursday morning before the big run, only at much lower volume and momentum. But nothing has changed in the company. everything about the stock remains copasetic.
3. This worldwide patent was just granted encompassing an RAS system exclusive and unique to SHMP that uses electrical current to keep bacteria out and ammonia levels low and word is there will be an excellent Harvest Report coming out between now and the end of the month, which is the biggest catalyst upcoming. Normally, farmed shrimp has over 50% mortality...this technology costs pennies a day to run and will double revenue. There is worldwide interest, and expected licensing of this technology as a result. This RAS can be applied to other marine species. Shrimp alone is eaten by 97% of the world and imports to the US alone have dropped drastically this year because of contamination issues...the demand has gone up, the supply has gone down...you can do your dd on this the info is out there everywhere.
Plus we're talking fresh, not frozen, quality shrimp straight from farm to table.
4. Whole Foods walked the plant. Shmp has plans to open facilities in the NY, Las Vegas, And Chicago metro areas...that's just to start.
5. Both Harbinger and a few number crunchers in here have given an estimate of the valuation of this company...Harbinger's came up with 2.16 in April, Before the patent as a price projection....others say between 3 and 4....comparative providers of shrimp or seafood can be found...even one in Texas that provides fish oil is at 20 dollars a share...similar in Canada.
6. Harbingers is an equity analyst company. They wrote their report with an end disclaimer for a fee of $5000. Equity analysts include these disclaimers, just like those disclaimers one signs with an accountant, stating the information they receive comes from the company, and that no money except the fee is paid for this report...it is a third party assessment giving valuation and assessing things like competition in this business and many other factors when they come up with their projections.
7. This company has been transparent and their upcoming news shows up here, on their website and on their facebook page. Any catalysts including the harvest report will first appear in one or all of these places.
CHEERS
