RE:RE:RE:RE:RE:Pyrogenesis in ARK PRNT ETF: A Mega PostThanks Midtownguy..really incredible!! Also, USA investors know how hard and signficant USA Military Contracts are. IMHO...this is just beginning to get on the radar. Disruptive tech w patents in multi billion dollar industries in all of the divisions of PYR.
Currently...$1-2sp allocated for each division based on today's $9sp..that is why imho PYR has much more legs based on incredible upside potential!!
Thanks again and to all you other longs....as I like to say many times imho this is THE YEAR!
Pyrogenesis - the world is going to know your name!
MidtownGuy wrote: I'm not making the case at all that it's ARK buying that is driving the share price. The daily purchases of PYR by ARK are, all things considered, not that substantial. Today 20,000 shares ouf ot 5.3 million volume.
ARK's buying isn't directly accounting for SP movement. BUT...
Awareness of PYR in the ARK definitely fund, is. It's up there with the single best thing that's ever happened to any stock symbol.
Overall, I believe it's likely six things driving the share price rise:
1/ PYR was added to ARK PRNT ETF on Jan 15.
There are thousands of investors who follow ARK and trade the underlying stocks in addition to the ETFs themselves. It's a real thing, and many articles have been writted about investors doing "ARK front running".
2/ PYR filed FORM-40F as final part of Nasdaq application.
This caught the attention of those traders who follow SEC filings. Many day and swing traders especially rely on SEC docs to trigger their interest. US trading has risen dramatically as a result, from less than 50K a day to over 300K a day. Today it was 2.2 million volume on the US exchanges.
3/ PYR's US$ share price went over $5.
This triggered "now out of penny stock" screeners and garnered more attention, as some refuse to trade so-called penny stocks, and USD$5 is often considered the threshold one must pass to get out of penny-land.
4/ YouTubers and the like who follow ARK investments starting posting about PYR, and those video views are now in the tens of thousands. There are many. Here's just one that was posted yesterday:
https://www.youtube.com/watch?v=MjMSrlMplK8
5/ The comments on trading forums, videos, and boards has picked up massively, driving more interest.
6/ The Nasdaq uplisting is any day now, and investors want to get in before uplist. Tcheck wrote: Prnt had a pretty awful day - 4%
pyr a spectacular one +30%
so it is not ark that supported our surge today
if i believe your arguments .
there was no rebalancing of the prnt portefolio.since it is an index fund
no selling high ( ddd,ssl,,xone)
no buying low ( pyr)
no dump
no pump
i dont know how long they will be able to play that game :)
so i wonder what made pyr s day today ? If it is not ark