Post by
GoodMonkey on Mar 18, 2022 4:13pm
New target price 20 cents
Another RED day for JK. While markets have been soaring around the planet this week, with the S&P 500's best week in over a year, JK dropped another 10%. What a disgrace.
Management hasn't shown any support for retail investors and they haven't bought a single share at these all time low prices. In fact they haven't bought one share since the company became public.
I am reducing my target price to $0.20. It's unlikely that management will buy any of their own company shares so current investors will continue to sell and more short sellers will get onboard as well.
This could be one of the best short selling opportunity of 2022.
The S&P 500 continued climbing Friday after a three-day rally for the equity benchmark that put it on pace for its biggest weekly gain in more than a year.
Meanwhile, the blue-chip Dow is going for its fifth up day in a row. It’s risen 5% for the week and is also on track for its biggest weekly gain since November 2020.
Comment by
SIGG1 on Mar 18, 2022 8:10pm
A disgrace is an understatement!