InvestorsHub Logo

lightrock

06/11/19 4:47 PM

#22140 RE: Fyreball27 #22139

@Fyre

I'm not 100% sure, but... doesn't that look exactly like shorts got cooked by positive news?

https://www.marketwatch.com/story/novabays-stock-halted-for-volatility-18-times-as-it-rockets-557-2019-06-10?siteid=yhoof2&yptr=yahoo

The OBV at the moment is only about 200k shares positive differential after a ~2M differential (pop).

The longs, it reads to me, are yet to be impressed.

So... $29.99 for the product... hmn... however, a more or less 2M user market world wide according to their marketing. That would make it maybe $8M on the low end, or +$4M to revenue on the low side of new expectation, taking maybe $11M/yr to $15M/yr. ( It must be draconian vs. the $300 prescription )

I would have to wait until next earnings (after a reasonable time for more marketing) to see how well that works. What, 3-6mo ?

No idea, shooting from the hip.