RE:RE:RE:RE:RE:RE:RE:Moonshot buy signal As much as it pains me to say so, there was a reasonable chance of the pull back we have seen over the last couple of months or so, based purely on the technicals, when looking back over the full trading history of the company. I haven't got the chart in front of me but there was the similar run up 13 or so years ago and then a distinct trading range for a while before the long decline, leaving plenty of stale bulls and "noise" to be worked through in the range of c.$6-$10.80.
The bottom of that trading range was tested again recently, followed by what seems like a very strong bounce, which I am encouraged by. For those who are believers in the Verde story this would have been a very tricky short term trade, knowing that more good news could cause another upward spike, and so timing sale and buyback to perfection was not going to easy for mere mortals. It sounds like even Moonie might have been burnt by holding out too long for a drop to $5.
The share sales made over this period to fund staff options and CV's release of some equity to pay himself helped these technical moves play out, but as ever with technicals, you can really only ever come up with the narrative after the event! Hence I'm much more of a fundamentals guy so I haven't risked the short trade, given the news that may come through in the coming months, but some might try. GLTA.