To: kidl who wrote (47) | 9/19/2024 9:26:44 AM | From: Jhana | | | I suspect anyone heavily holding up the bid will draw scrutiny from the SEC and other agencies. If a buyer isn't covering a short, have to wonder why they would put money into a worthless shell except as a way to funnel it to others.
Should be an interesting day. |
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To: Jhana who wrote (49) | 9/20/2024 12:18:56 PM | From: ralfph | | | All evidence indicates you are correct. Makes sense to blow off your position and take the money and run. Funny part is who on earth is buying the stock.
There are people out there who think that they are helping donnie by buying and people out there who think this is going to $1000.oo, both are out of touch with reality.
I keep thinking that buyers can read a chart and the buying will dry up - certainly has not happened yet. |
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To: ralfph who wrote (50) | 9/20/2024 4:18:39 PM | From: Jhana | | | Just thirteen more days to drop $1 per day then the stock will reach true value, at least temporarily. The step after that depends on when the company formally goes into BK. |
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To: Jhana who wrote (51) | 9/20/2024 4:22:44 PM | From: ralfph | | | Lots will happen before then, there will be a burp up on some sort of development. Elon prints DJT on his thread or some sort of silliness. Got to wonder who the buyers are who keep stepping in. Reminds me of Pet Rocks or the Tulip bulb frenzie way back when. |
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To: Jhana who wrote (51) | 9/21/2024 5:08:51 PM | From: Dan3 | | | Re: Just thirteen more days to drop $1 per day then the stock will reach true value
Respectfully, I must disagree. That would leave the stock at 55 cents.
I did an analysis of the P/S value of the stock (ignoring for now the lack of any prospect of ever becoming profitable) and believe that a more reasonable valuation is between 5 cents and 8 cents. Message 34631460
You're overvaluing it by a factor of 10....
:-) |
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From: Jhana | 9/23/2024 9:51:24 AM | | | | Like watching a train wreck in slow motion, except everyone knew this train would derail once it reached this point in the journey. |
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From: Jhana | 9/25/2024 9:49:35 AM | | | | Heavily shorted stocks always turn into cage fights where different herds of hedge funds do their best to wipe each other out with squeezes and more shorting. Like a pack of dogs all fighting over the same chew toy. |
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To: Jhana who wrote (56) | 9/25/2024 12:49:04 PM | From: ralfph | | | This is a perfect platform for funneling money to Donnie. And you have the loons buying single shares - be interesting to know who has been short and how large the total number of shorts there are. |
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