Sunday, January 22, 2023 1:39:20 PM
The US just reached their debt limit.
Tech companies are slashing jobs.
The economy is on the verge of a recession.
The capital that flooded the market in 2021 was a rare anomaly. If anyone was sitting on any dead triple zero stocks, they were amazed to see many of them leave trips to surge upwards. There's simply no good reason to compare what we have here with the run of TSNP in 2021. It was, like most stocks back then, the happy recipient of the market conditions, and had less to do with Sharp or the merger. Look, if that incoming company was so good, then the stock wouldn't have tanked over the course of the following year. Those holding through that merger looking for even greater gains were obviously disappointed.
So, I suspect the best time to sell this one off would be on the heels of any speculative merger hype that may benefit the SP. What commonly happens is that when the incoming company, if there is one, reveals themselves, shareholders will look at the market cap and compare it to what the company is actually worth, at which point they will dash for the exits so fast that unwitting "investors" will be caught with their pants to the ground.
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