not as "share heavy" as some on this board (have 1 million shares), so my hope is that bobby will get his act together and the share price will go up.
before any significant $ flow to lfap, i would expect (if one is so inclined) that there will be many trading opportunities in the $0.10 to $0.20 range before we see any significant move upwards of $0.25 and beyond and for that upward move to hold.
despite all of the hype from some, can't see any of the multi-million share holders not to do some "cashing in" in that 10 to 20 cent range and hope for a retrace to load up again. I would expect there will be some sort of pump and dump around the upcoming "sale" of the 220 million shares which were recently registered and for which lfap is waiting approval.
bobby's tweet which was posted on the board today did in fact reference lfap. however, i just don't buy into a marketing campaign which promotes lgbt having any immediate impact on lfap's stock price.
would be wonderful if this were to become some meme stock and trade irrationally for awhile. maybe marketing could help that along if there were direct references to lfap and those direct references had some convincing information relating to income for lfap which might be realized in the near term. if stocks typically trade on some multiple of cash flow then lfap is in the toilet for some type imo.
lfap is kind of like a biotech stock waiting for an fda approval to get their product to market. typically that process goes through a phase I, phase II, and phase III trial process to prove their product. at best, lfap is in a phase I stage waiting for a proof of concept. a long way to go before product approval i would think.
then there will be those who might fear missing out if they were to sell and not be able to get back in because they don't want to chase a rising stock.
however, if you believe the multi-etf plan which is being espoused, it would seem silly to miss a trade over a tenth of a cent or a penny a share (trying to snipe a bottom) IF you believe there will be a waterflow of $ coming to lfap some time in the future. the way this single ETF was rolled out, my guess is that it would be many many months/years before there are multiple ETF's from which LFAP will benefit.
for me, despite all of the hype around bobby, i certainly think he has not managed this rollout very well.
for the snowflakes who melt when a little sun is shown on those things, one has to wonder.
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