So I'll start with $FRTA - 18M float
This failing company, currently under class-A law for misleading information (learn more here, here and here)
has a terrible long term chart
So far they released only 3 quarterly reports, a new public company.
On every 10-Q they lost money
Initially on their first 10-Q they lost money but the stock reacted good for some reason?
I mean the stock had a sell-off yea but then it grinded back up by a lot, couldn't hold it though. (December 15, 2016)
Now the interesting part where the story beings is on their 2nd 10-Q form where they lost so much money their stock just tanked
It had a massive sell-off it's just insane, so many people lost so much money
And yet again on their 3rd 10-Q it just turned into laughable stock
Now recently they appointed some successful guy as their CFO, Charlie Brown (more information here) and the stock went up, however he is employed yet, he has until September 25, or before
I think they will try to pump their stock up as much as possible so less and less investors would have a smaller loss thus removing victims from the list. Just speculating, anyway I got carried away, way way way to much lol
Point is if tomorrow it breaks 4$ and has volume I buy lol
$CDXC - 24M float
I mean the daily chart makes 4$ mark seem only relevant for the last year, and it's currently forming a head&shoulders pattern so I might short this tomorrow if it gaps down or a morning spike, or just a higher low to play safer.
$BCRX good news 2 days ago and earnings winner, I don't like the deficit of 500k but okay.. seems bullish but I wouldn't be so optimistic Because of S-3 their float is 60M and they said they will release 11M shares whenever they want
The selling stockholders identified in this prospectus may sell the shares of our common stock covered by this prospectus in a number of different ways and at varying prices.
So I am fearing they might do an offering, because this does look bullish and everything about it
But the stock did go up on that day of the S-3 because I assume of this:
Our registration of the shares of our common stock covered by this prospectus does not mean that the selling stockholders will offer or sell any of the shares of our common stock.
So.. just good information for the future.
Or maybe nothing might happen
We do not know if, when or in what amounts the selling stockholders may offer their shares for sale. The selling stockholders may sell some, all or none of the shares offered by this prospectus. Because the number of shares the selling stockholders may offer and sell is not presently known, and because there are currently no agreements, arrangements or understandings with respect to the sale of any of the shares, we cannot estimate the number of shares that will be held by each selling stockholder after completion of this offering
So it will be interesting.
$MVIS 61M float
Either long or short, I think this is a better short because of this:
Sure it had it's 2.40 and 2.60 breakout, yea nice, but can it go above 3? highest price in the 6month period is 2.94
Besides, their last months are filled with offerings and to be honest I feel like I don't need to over-think this to much,
because this form 424B5 where only 1,5M shares were sold 10 days later (FORM 8-K)
I mean.. ugh whatever I will look to short this
Join now or log in to leave a comment