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MightyTyphinPowerRanger

04/22/20 10:59 AM

#44000 RE: steph1971 #43999

Anyone who knows what they own will be holding their shares/buying up any weak hands.
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lucky, mydog

04/22/20 11:01 AM

#44001 RE: steph1971 #43999

Not sure they can do that while in grey.

no reason they can't.
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Neophius

04/22/20 11:07 AM

#44003 RE: steph1971 #43999

This is what I believe is most likely to happen on Monday:

1) There will be selling. Plenty of it.

2) SOLI will go from Grey to Grey/Expert Market either on Monday or soon after.

3) Many on this board are not going to buy near the current price; everyone wants the best deal they can find.

4) This will likely crash into the high 20s or low 30s, and then flirt with the high 30s for a while. It's certainly possible that some will absorb shares on the way down, but I'm expecting over a million shares of volume on the first day of trading as many rush to exit. It's impossible to say with certainty.

I've seen this progression before on a few other stocks. Here's what is working in SOLI's favor:

1) They have a successful underlying business with pending financials on May 14th and May 15th. This expectation will cause some investors to buy higher than would normally be the case given the circumstances.

2) Expert tier allows more liquidity and gradual price movements. In the past, the grey tier simply meant jagged trades with extreme downward pressure.

3) There's a significant group of people still willing to invest in SOLI/CareClix at a "reasonable" price. Obviously some will disagree with the "reasonable" part, but it's doubtful it will sink below the lows we saw last year unless the Q1 numbers show drastically low revenue.
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kindo

04/22/20 11:19 AM

#44004 RE: steph1971 #43999

I'll be buying more at whatever price its at Monday because its going much higher!