Sunday, January 24, 2021 4:39:40 PM
The prices, seen in chart, is simply the asymmetric trade opportunity - ie; the multiples to upside at these levels is much greater than the risk to the downside. Hence the cash position you mention and the activity that is occurring, globally.
ie; the BK part was simply stating that the price was nearing the bottom, indicating that the business doesnt/will not work. I dont believe LQMT is going BK and understand the cash position. My conclusion is the opposite. Its a good asymmetric price opportunity from here.
If it went any lower, it would be going BK. Hence, its a good time to buy. Based on chart evidence. And knowledge of the market occurring. The only thing left to materialize is the trust we all have in Li, who clearly knows the market and what he is doing, which we have all been waiting for 5 years now.
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