rainorshine59 wrote: You've got that backwards.
If the shorts have covered then they have 'cashed in' and are waiting for another attack.
If they were still holding their short positions then their 'short-covering' would add gas to the fire on the next leg up.
Right now they're waiting for another wave of FOMO's to rush in so they can feed on them.
And I hope they try..and here's why...(because they'll lose)
This is the zone to Buy...not after any NR that is going to tell us what we already know. People will try at least 1 or 2 packs just for the novelty.
According to the stats there are 35 million adult smokers in the US.
I expect that, given the price, every single one of them will buy a carton of TAAT next year.
(or half of them will buy two...or 1/4 of them will buy four...get my drift?)
If TAAT makes $0.50/pack or $5.00 per carton then that brings in $175 MM profit.
Current MKT CAP is
$200MM CAD ...which is
$150 MM USD. At a 15 P/E that will value TAAT at $2B + USD Mkt Cap going into 2022 ...12 months away.
The upside is 10-15X from here..over the period.
Then there's the rest of the world...
Cha Ching Ba Da Bing!
Torcan81 wrote: Shorts have been covering. This is a positive sign for the next gap up.