Post by
ScarletSpider on May 03, 2024 10:35am
Q1 2024 Quite Likely To Be Out End Of This Month
From past news releases it looks like the quarterly earnings come 2 months after. For the first quarter results of 2023 they came out May 24 th. The second quarter last year was August 24th, third quarter was November 15th, and the 4th was strange preliminary Jan 22 with audited April 30th.
In any case it is very likely that we should be having first quarter 2024 this month. I have said i strongly believe it will beat the comparative one in 2023 and see no reason why it along with subsequent quarter over quarter will not do so. But time will tell.
Even if there are cheap pieces of paper to burn through that doesnt make this less than a minimum .1165. What has changed? Not the share count not the earnings as given in the preliminary and actual results.
As for the extension it apparently got the company to explosive growth and very solid results that it keeps improving on. In any case .10 or less will remain my strike point but i have a strong feeling we will be above that when i am next able to buy. In regards to the cheap pieces of paper it will likely need all of this month possibly into part of June to chew through. I figure with an increasing solid result reported it should be moved through first week or two in June but we will likely be .10 plus (best guess) and hopefully no more cheapies and the others that the company issued to Blue Sky Trading Consultancy will form the minimum of .11 and move up and out from there the highest was shares at .31.
I can imagine people who had higher valued shares regardless of quantity are not happy however i bet many of them have been taking those cheap shares at the bottom and traded at the peak. Like i have said unless you are trading and making money it sure doesnt make sense selling at levels below .11 and no reason whatsoever to continue to be here but ok. I know this year there will be a big bounce from as i said gutter level as i have said i am confident at the trajectory the company is on no reason for quarter over quarter to best last year.
Lets see where this goes so far a huge let down. Nevertheless i can only either follow my set in place strategy at desired strike points or adjust them. I will wait the year out most likely especially if i dont get additional shares which i would look to trade out at .15 to .20. I strongly feel these will be as mentioned finally over .10 before i will have money to buy which i will be happy about if not yeah i will come for traders at possible lower trade out values.
Holding 9000 for $1.20 plus
4000 i will see (no desire less than .50) and if yes would trade out no more than 1000
30,000 ideally North of $10 but will keep holding
Nothing for me has changed i am actually happy with the financials and the companys growth strategy despite where this is currently trading. I hope those who have been selling are actually making money. From my experience no point trying to market time just take money out if up have your cores and strategically trade. If i need to adjust things here i will but i feel absolutely no reason for this not to get around the 52 wk high .50s and that may be likely i will trade out 1000 shares to build bank and possibly buy into another company that i can grab more than 2000 shares for no more than $200 total including commission if i see that company can move up otherwise cash is king.
Ran