me too. and I thought about it and wanted to add a few things to mention that scratch is RIGHT about many things. I am not trying to fight with my best friend in investing lol.
scratch is 100% correct that dilution is hell, and he has 100% right to be salty. my defense of why I would buy UBQU right now is based solely on one thing. we're at trip 1. next step down is nobid. if we were at say, 0035 right now and dilution and 1B hammer blows were happening in sales I'd be take your profits! (and wait for the dip to get back in!!)
but we're at 1/2 closed at trip 1.5. if ballas was a criminal dumper, well this is way too low for him to rake in maximum profits. that's why, until the green money flows back in from retailers and we start heading back to S&P 5000....I want UBQU to stay down here as the economy leaks trillions of dollars. because these nightmares I paint if ture at worst, is going to drop any UBQU retailers holdings to trip 1 and it's pretty much guaranteed whatever you buy at trip 1 will not further degrade.
it's all about buying pressure and selling pressure. whether I'm right that it's wall street or scratch is right it's ballas....this is an excellent place for us to be to have the sellers shoot their short powder, as they get the least, while we can buy for the most once the PPS moves up.
ok since I do a lot of prognosticating here's what I think will happen. the fed will continue with .5% to 1% rate hikes, and since government spending always outpaces tax income, inflation will stay or even continue to rise. on the days we get "dovish" rate hikes the S&P will bounce and we'll get days on UBQU rubbing the 2.
sadly this will last until december I think. but if I'm right, a red tsunami will overtake congress. time to pin the blame on the political opponents. (hope this post doesn't get removed for off topic or political speak but it DOES factor into UBQU PPS movement I think) . then jerome powell in december or january says ok +10% rate hike! and S&P drops to 2900 market crash!!! on the republicans watch oh no. (of course Joe will still be in the WH but let's be honest, he's not running again in 2024 so whoever does can run on look elephants caused the worst crash. ever.
but we'll rebound I think. why? those 4m-5m apes I keep mentioning. in 2008 nobody in general knew all this financial education stuff. nowadays at least a million regular folks like you and me play the market. and have learned how to use U*V*X*Y* or just do daily puts on the S&P.
on crash day, millions of millionaires will be made just by playing the market down that were not made in 2008.
and then the MOASS as the hedge funds still in the play who have to hold netflix spotify amazon etc long get margin called and liquidated and their short positions cover.
it'll be a flash crash for sure, just like when voelker did it for Reagan post Carter.
and unlike Carter Reagan, there will be a lot of investors like you and me with millions of dollars and probably only citadel the last big hedgie standing.
so 24B shares. 5% of that is roughly.... 1.4 billion.
don't want to fill out an institutional investor form, so a billion shares at nobid is...100,000 dollars. (heck I think ballas 000098 sales are to his rich buddies who have 100,000 bucks lying around that they know will lose its value if they throw it on the S&P or even apple right now)
if I make millions on my other plays, maybe I relieve all the MMs and diluters and converters of a billion shares in the forthcoming lowest greatest wealth transfer in history.
multiply me by a few of those UBQU stock twits that have the $meme $meme $meme......$UBQU in their hashtags.
there's going to be mroe than me as an meme stock ape that is also an UBQU ape.
in the end tho, even though the "dilution pig" theorem still holds strong and has righteousness until it's proven wrong.
I can say from being here since 2018 that this new website and especially these new products and subscription and 40% discount....AND "partnership with GDET" (that was new) and remention of europe and symbol change (which is harder than the critics claim it is especially if there are tons o nakeds)
this is bigger than anything ever promised or delivered all through 2019 and 2020 and 2021.
in 2019 they were trying to bankrupt UBQU by cutting off the credit trasnfer system (and the name change to Hemp life today was mastercards' lame ass excuse!)
2020....shut down the economy folks! only companies did well during 2020 were apple, amazon, wal mart and anybody else who gave billions to install our present 'great reset' houseplant.
2021 fight to get and stay current. not just UBQU, all the pennies, and all the pennies still fighting to this day.
so to arrive at a place with a few ballas backers like preya who seem sharp, and the company about to launch in a direction to make some money (maybe the fins in 2018 were cooked maybe in 2018 UBQU didn't make 4M PGM doesn't matter now I believe the new fins are real.) and a nice looking product my family says is better than the 250mg peppermint oil.
yeah, I can believe it took 4 years. 4 years of trudging through the nastiest financial political and shorter sewage you'd ever see as we now understand that wall street was shorting EVERYTHING and their target was delisting for all of them.
not bad Mr. Ballas, not bad. kenny wanted uBQU dead. and Kenny failed. amazing it 'only' took you a year after most of the crap flung at you subsided.
