Post by
Resilience19 on Jan 13, 2021 8:39pm
Consolidation looking to break 0.22
8 days ago we finally broke through the 0.165 ceiling of the past few months. This week we tickle this past year's intraday 0.22 high.
At this point we're simply doing a bit of healthy consolidation, building up momentum to break through the 0.22.
Beyond this we'll be reaching regularly higher intradays - with regular consolidation pullbacks - until it reaches a target I can only try to imagine.
What I prefer is that the sp behaves in a way where it progresses slowly but surely, in an upward trend. Yes, a SONA-type shooting to the moon would be nice but this would likely lead to an important fall (as has happened to SONA) and these are almost unpredictable to anticipate, when to get out. I've seen too many shares go up and bust (i.e. ART.V) or go up, and up, and up with people selling at significantly lower values than they would have expected if being more patient - or not watching the sp so intently (i.e. XPEL).
Admittedly, there are bit of DM that I can't quite wrap my head around (i.e. GBLC and Ronin) and understand the COVID bit is relatively short-term income-driven. BUT, if timing is right to leverage GBLC and Ronin (I tend to favour selling them, when the time is right, at a decent price - given newfound interest for the techs) would make good sense, as it would add to the bottom line and help futher develop the core AI component of DM. COVID-test and (to a lesser extent) Consierge, to me, are opportunistic cash cows, which we need to milk as much as possible. By the time this dries up, we'll hopefully be significantly ahead of now, in terms of the AI sales cycle and stand to benefit from important revenues, that will compensate to current C-19 related income.
So, I agree this is a good time to add to positions (I added yesterday at 0.195) before it re-starts its upward trend. $1, $2, $4, $8? Everything is possible over time. Patience is the key, if management executes. Once we've reached these valuations a lot of people here will be very happy - me included :-)
GLTA
Comment by
shaker13 on Jan 13, 2021 10:46pm
https://news.bitcoin.com/publicly-listed-lottery-company-to-buy-14-4m-worth-of-bitcoin-mining-machines/