InvestorsHub Logo
Followers 58
Posts 8502
Boards Moderated 0
Alias Born 03/10/2011

Re: None

Friday, 05/24/2019 8:27:07 AM

Friday, May 24, 2019 8:27:07 AM

Post# of 86313
What are Cigawatt’s basic fundamentals?
-- Store number one: Blue Springs MO population 54,431 (2016).
-- Store number two: Warrensburg MO population 20,251 (2016).
-- Small on line store: http://www.cigawatt.com/online-store
-- And upon RM (***IF*** it actually ever occurs): three billion plus shares outstanding.
-- Unknown gross and net income for the 2 stores and online sales.

Will there be a run **if** we get a hard close and RM? Very likely yes, a short term and somewhat limited run will occur based on the hype of RM.

Will the short term run leave lasting PPS gains? Extremely unlikely.

Why?
-- See the footprint of Cigawatt at top.
-- Consider 3 billion plus shares outstanding, and adding salaries for new company officers.
-- Longs have been trapped with large percentage losses for a very long time and will dump to recover losses during any run.
-- Short term speculators will dump during any run to lock in the gains.
-- Shorts and longs dumping will flood the market with shares, possibly hundreds of millions of shares - and thus PPS will plummet back down to match reality of the Cigawatt footprint.

Results?
-- Short term speculators will make money, if they sell early in any run.
-- Long term longs will regain some of their losses – and a few longs possibly may actually have a overall profit if they sell before the run collapses.
-- Anyone who holds too long, or buys during the run-up will become trapped and unable to sell with a break even - IMHO.
-- CWAT will remain a sub penny play for months, and more likely for YEARS to come - IMHO.

It’s the OTC, a tiny vaping company, and a sub penny triple zero stock. Expectations for massive long term gains do not match the reality of the situation.

My thoughts are opinions and no one should quote my thoughts without including this disclaimer (like that is some legal requirement, eh?)

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.