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Wednesday, August 12, 2020 11:41:10 AM
I'm not saying that buys at 17 and 18 won't net a profit at some point. But its more likely that people buying at 17 or 18 will be selling at 14 and 15 as the dilution rages on.
There is literally no reasonable amount of buying that can overcome this type of dilution. We have traded well above 100M shares on multiple days and the stock cannot move.
The area to load is well below 17 / 18 in my opinion. I'm sure people will disagree but I had people telling me this morning that support at 20 was going to hold. Clearly they havent been thru massive dilution before. This is relentless and per usual... I blame Cutchens based on his history of corruption in penny stocks.
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