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Wednesday, 05/08/2024 3:30:15 PM

Wednesday, May 08, 2024 3:30:15 PM

Post# of 60407
Well we've learned yet more this week. For one, We know the company has the ability to sell shares to raise money, up to 500 million shares. For two, Few He's smarter than any characters on these message boards I'm including myself in that. 3rd, They may have sold shares but there's no way they sold more than 100 million shares. A little elaboration on that. We know now for sure there's plenty of short activity going on. Volume was averaging between 10 and 14 million shares a day on typical days. We've now traded far greater than 350 million shares the past seven trading days. The company has had nothing but good news and oh by the way, quarterly earnings come out for Q2 in approximately 4 weeks. So I got to thinking today I'm supposed to be getting a nice commission this week. Wouldn't I just love to get shares for $0.75. I mean knowing what I know about the company there's no way I'm not going to get a 10 bagger If not and the next 6 months then certainly within the next couple years at the very latest. If Q2 and Q3 earnings are anything like what I expect we don't even need news to go up 200%. Then I got to thinking how I'm salivating over potentially picking up 2000 to $4,000 of shares at this price. Then I was like holy crap. Now I can see why the shorts battle so hard to manipulate the share price as low as possible. There's companies being shorted that are priced at multiples above with their valuation should be. There are companies potentially headed towards bankruptcy in the near term or short term which are being shorted. Then there's other reasons to short company, like for potential hostile takeover, or Just buy shares at a ridiculously low price. A million dollars buys a whole hell of a lot more shares at $0.75 than it does at $2. And anybody with that kind of money isn't stupid enough to think they can run this company into the ground. They're doing it simply to load up on shares. What does that translate to. Well, If you're thinking when I'm thinking now, That translates to the fact that when these people millionaire traders decide it's time to buy and run this thing, We go beyond $29 very quickly because they now know just like we do what the company has.
Bullish
Bullish
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