Post by
TeddyTenBags on Apr 27, 2021 5:39pm
Surpise Surprise - NAsdaq Disappoints
Many people likely got burned today. As I said many times before - Nasdaq does nothing for the value of the company. The only thing that's going to be a catalyst for this stock are positive trial results to advance the current pipeline, partnerships with big pharma and commercialization of medecines.
Everyone was pumping that the WSB boys would take this to the moon etc. etc. Hanging your hopes on a bunch of retail investors is a poor strategy and there were a lot more losers than winners today.
I'm not a basher by any means. I too was hoping to see this go to the moon, but also recognize that the market cap of the company makes no sense and took some money off the table. If the markets crash, this will get hit hard.
All the pumping has probably done more harm than good for the stock.
Comment by
BrITeChOIceswiN on Apr 28, 2021 1:36am
Also way too many shares outstanding! Being uplisted to the Nasdaq means this one is going to get shorted big time. The valuation doesn't add up - it's a no Brainer!