RE:RE:RE:The "Atlas Plunge" ContinuesCanticle wrote:
Liked2Think wrote: will probably continue to about $2.50
wait I mean $76
Floor is likely $3 at worst, buyers will step in at that point, because even in a worst case scenario of a recession/depression buyout with fire sale prices, it'll go for $4 on the asset alone. I still think a $10 - $12 buyout is likely once the spinout completes. There is a LOT of profit taking going on right now, and people who no longer want a part of the completion risk on hydrogen projects are going to take their money and run, and I sure don't blame them. If I weren't riding free money right now, I'd happily bail out, anyone can be greedy, smart investors know when to cash in on it.
The only risk left after the spinout is completion risk, and someone is going to want the asset if Atlas doesn't want to develop it themselve, its low cost, high demand product, thats why I'm sticking around. The spinout is a nice risk bonus but I wouldn't be risking anything I couldn't afford to lose on it.
If I wasn't confident of the potential value in SALT I'd be worried. However, this is just a correction of a premature price escalation, IMHO.
As far as the spinout goes, up until yesterday I had a sizeable amount of $ set aside to see what could be gotten on the open market in late September. However, in the end, determined that I wasn't going to try putting any cash into TPR, at this time, and topped up SALT yesterday on the dip. I'll get more than enough spinout shares to make a decent profit on TPR if it goes to $2-$4, or more, over time. Like you say, that's free money to play with.