Post by
tamaracktop on Mar 29, 2022 10:51am
Some people hate my play-by-play
But I couldn't care less, I'm going to do it anyway. I have fun doing it, so give me the liberty.
This stock is acting perfectly.
If you think we've already seen the highs of the day, you're completely wrong.
It's entirely normal for a stock to consolidate after an hour or so of opening strength like we've seen.
The opening price around $1.87, where we are now is a good area to do it, just above the opening gap.
On this volume, it's unlikely to close that gap.
The volume is excellent, and the market is far from fully discounting this news.
It's still "fresh".
Personally, I think it's very very likely we'll see at least one more leg up.
Today.
$2 is not out of the question.
Comment by
catchascatchcan on Mar 29, 2022 1:08pm
Whognu - as usual, I agree. Cautious optimism. There is no double some pump factor there, but an MOU of that size is absolutely material news for shareholders. But as mentioned, it will cut both ways if it does not come to pass. Alternately news of the firm order will further support the stock should that news come in the next few months. Take care
Comment by
tamaracktop on Mar 30, 2022 10:44am
This looks like it's going to take a few days. If you're squeamish, close your eyes and check back at the end of the week.