RE:Interesting few days...
BD0218 wrote: It has been an interesting few days.
There has been a ton of selling with almost 5,000,000 shares being sold over the last few sessions. More importantly there has been a ton of new buying. Going all the way back to the amazon days this is not a normal volume of selling or buying. While it is true that in the short term the stock was way overbought I believe there has been something more happeing during these past sessions.
My feeling is that someone (institution) wanted in (in a big way) and that was somehow accommodated for over the last few sessions. It's simple math, 15,000,000 shares at $60.00 is a lot better than 20,000,000 shares at $10.00.
I think we shold get ready for a new wave of promotion and plenty of new coverage as a new group(s) take this to a five to ten bagger from this level.
JMHO, Exciting times ahead.
BD.
my theory is momentum and technical traders along with shorts are now a far larger portion of daily volume making this very illiquid stock subject to a lot more volatility. The investment thesis got drowned out by the far louder (of late) speculation thesis. The ERs and company updates are what matter to confirm the considerable execution milestones set for this year are on track and being achieved - and that's no easy feat logistically!. Outside of those confirmations there are probably going to be some wild swings to the up and downside.