Post by
FOMOalpha on Dec 09, 2020 4:58pm
I ignored the noise and bought more on the dip
Sell-off on news is kinda expected but admittedly I didn't expect such a drastic drop but that is also one of many scenarios I think could happen given that VPH is a stock with a small float. It can go up 50% and then go down 20% within the same day. All of this is just part of the game. I've been in this kind of game for so many years.
Nevertheless, very nice news today! I am happy with the company's development. $5 very possible given the interesting development.
Comment by
kooter33 on Dec 09, 2020 6:34pm
Yup! 56.8M shares outstanding and 54% of those are with insiders and employees of the company. So leaves for a pretty small float. The last PP was oversubscribed. CFO indicated that they expect to be EBDITA +ve by year end, which was end of Oct 2020. $5/sh is a good start. To me this has a chance of being a 10 bagger by 2023.