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Friday, March 04, 2022 5:04:28 PM
Company fundamentals don't seem to matter for s&*t lately. Biotechs seem to have been hit extra hard. I have a tiny handful of shares in a company that treats breast cancer that was trading around $30 not all that long ago. I bought at $9 range and is trading in mid $4s now. But there hasn't been any dilution to speak of, no bad earnings report, basically no news at all. Just hedge fund f**cks manipulation on the low volume and shorting the s**t out of it. Seems un-American to me the way good solid companies that are performing a great service are being shorted into the ground.
I still love VITX but can't add past my 250k shares unless I sell something else at a steep loss. It's weird but the stuff I'm watching but not in like SG*TB and PS*WW continue to run like a bat out of hell but VITX and my NASDAQ continue to get hammered into the ground.
March 3 came and went and I was unable to return to work. Long-term term covid is real but my own doctor and even the emergency room at the hospital can't give a clear cut answer so I stay stuck in limbo. Pain, fatigue and getting completely winded with any form of activity keeps me from doing pretty much everything except maybe a walk to the mailbox or cooking dinner. Got appointment with Mayo Clinic on March 29. Couldn't get in any sooner but maybe can get some relief there. My dad's now in a nursing home due to this s**t.
Bit of good news I guess is VITX will eventually recover and maybe even see an AL*PP style run. Haven't kept up with the board but once this turns profitable with US and worldwide distribution plus maybe a share reduction or buyback then maybe we can see a 52 week high again. Personally I can use .25 to $1!
We'll eventually see if management can turn this ship around. Maybe they're working behind the scenes getting some things done. Hard to believe this is trading now at .0016 and the overall stock market is performing so poorly. Seems like the rich get richer and the poor get poorer. That's just the way it is. Stay well my friend and talk again.
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