Dont know about "most" but def will be a psychological barrier. People have sold, flipped, bought back and held all the way from .00's.
Some riding freebies will let it ride... with news and institutional buyers after 1.00; could be a quick dip in the road. Same was said at .10 .25 .50.
I've been slowly picking at my position as it walks up. My "core" that im comfortable with keeps getting smaller with how fast its mocing. If this power continues and it holds on to its price fairly well wherever it ends, all id really care to hold SUPER LONG is like maybe 150k
But I have other plans with these lottery winnings. Some here may not be interested in selling for years.
You unload a million short term though and the IRS will have you over a barrel.
I think a the news will cause a severe spike up, many will sell and walk away to go buy a condo on the beach. Then the stock will slowly recover as new investors pile on. The increase will it be much slower but apart from a buyout I think we could go to the 5 dollar realm in a couple years. My plan is to dump a very small percentage on the news spike and hold the rest until long term capitol gains hits. Then I’ll make a plan from there. As an investor I see no reason to sell any large portion of this stock. Millionaire or not.
SHMP has to GET to $1 first. Might happen. Might not.
The harvest report and 10-Q are due next week. From a previous post, I see SHMP already trying to shift the focus of the harvest report from "we grew AND SOLD X lbs of shrimp" to "look what we did!" (those are my "words" and don't reflect anything anyone from SHMP has said).
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