Saturday, October 02, 2021 7:47:56 PM
I'm bullish on this stock but I'd be very surprised if it has enough in it to convincingly stay above a penny.
Learn to be realistic with your expectations, with what is going on with this stock right now it shouldn't warrant a 50M+ mcap.
I'm only bullish because I see something extremely undervalued in the low twenties and the teens.
Above a penny I wouldn't call the stock overvalued per say, but most growth would probably be priced in.
That said someone investing in this stock for a decade or two could potentially sell it for multiples of what I'd be selling it at, I'm just not seeing the reasons to hold it for that long right now.
That is why I'd sell it at a penny, because that's what I'd consider realistic within a couple quarters provided we get good news on the next earnings report.
Not falling too much for Bubae's fud, although if it does become true I'll enjoy continuing to lower my average for when this will inevitably reverse and never look back down here.
I would also of course not market sell, so if somebody is willing to buy my limit order of 10 mil at one penny, good for me and good for them.
I am patient, I'm just not years long patient
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