Post by
rexrex on Jan 12, 2021 9:12am
Pass the Point of No Return
Ath trading range last 52 weeks was $0.10 to $0.52. Since it's low Ath gas rebounded to the $0.22 level. Now it has past the point where shares could be accumulated for less than $0.20 cents. Assuming WTI oil maintains a floor price of $53 to $55., ATH is profitable. Slowly overtime ATH will reach the $0.30 cents range and trade between $0.30 cents to $0.35 cents. Once vaccination processes speed up, expect ATH to break $0.35 cents and move over $0.40 cents range. In time it will cross $0.45 cents and eventually cross $0.50cents range. Market sentiment is projected to improve after winter. Expect frenzy trading early spring as excitement builds on mass vaccination and opening of the economies. By end of spring to early summer expect ATH to cross $0.75cents and trade between $0.75 cents and $0.85 cents range. Once their debt is rolled over under lower rates, expect ATH to cross a $1.00. By this point in time expect ATH to be trading between $1.10 to $1.25 cents range.
Comment by
bosstrade on Jan 12, 2021 9:28am
Shorts left within 15 days in Oct for a reason. Stat transferred shares in Dec for a reason. Large volume trades for a reason. Non of these happen by chance or sediment is feeling better. There is a reason, which will be announced shortly, because the accumulation is part of the reason and it will be revealed. I would say a few days to a few weeks top.
Comment by
rexrex on Jan 12, 2021 9:38am
Agreed, and RBC also raised its target price to $0.25 cents from it initial $0.02 cents rating. Which begs an interesting point, could an institution be looking into brokering a renewal of ATH's long term debt of $450M USD debt. I think the renewal may come sooner than expected. Bond yields are at all time low. Imo.
Comment by
rexrex on Jan 12, 2021 9:58am
Don't forget, quarterly financials will be out week of February 04. Expect better results as things have significantly improved on the WTI front since their last quarterly report. All in all, a lot of positive momentum coming our way.
Comment by
bosstrade on Jan 12, 2021 10:09am
Also, if you notice alot of buying by anonymous. This also eludes to a deal.
Comment by
bosstrade on Jan 12, 2021 10:12am
Right now you have one player accumulating allowing them to short a few shares to keep and bring down the price. Thats why we don't see the increase daily. Once a second player joins, the game changes. It is setup to rise quickly.