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Thursday, June 30, 2022 3:36:02 PM
so we got through the worst of this weeks' financial indicators. SPY dropped under 3800 and probably will re-manipulate to close back at 3800.
UBQU held it's tiny 280M bid. mostly selling to 260M and some building back. seems half of the 1s bought get stacked on the 2s. typical behavior for both a MM and a trip trader.
since monday markets are closed, maybe some action tomorrow, but in reality, the good news is that UBQU didn't collapse the bid as I worried with such a beating on the SPY.
also it's clear whoever sells massive chunks waits for a bid of 500M+
really good news is we get closer and closer to the S&P reverting bullish. when exactly that happens? dunno. but we are more than 50% out of this years storm I believe.
when money comes back, that's when more folks will stack the bid. whether ballas sells to it or the converts, dunno. but if markets are green and money is coming back, I do believe the bid will replenish. not thinking we'll see a hard nobid lockdown.
I look forward to buying my next cannazall products at 40% or 20% off. now I'm confused, did I miss the 40% off window? ugh. oh well, 20% off is fine. I have some backstock so I wasn't in a hurry to up my inventory.
anyhoo fellow UBQU investors, happy 4th. and UBQU continues regardless of being in the bottom of the sewer, price wise to perform pretty well compared to what has happened in the worst S&P performance YTD since 1970.
Recent UBQU News
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- Ubiquitech Reports Convertible Debt Forgiveness in Excess of $1,000,000 • InvestorsHub NewsWire • 06/22/2023 12:44:02 PM
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Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM