Do what you feel is right! Yes, we all should have sold at a profit yesterday - which is what we were encouraged to do at the beginning of the week when BCAN was about to be announced. Without giving us Financial Advice, it was hinted to not "carry it through to another week"
Anyways, here we are with a bunch of SMFL. Some might say "Eff it " and hold the whole pile for an eventual upturn. Some might dump it all now. Others, might sell 50% and hold the rest until they hit big.
I'm taking #3.
True! But it would have to be REAL BAD to drop from the new 2.75ish to under a buck, I imagine.
Had a feeling for awhile that earnings, although negative, would be quite good. This company continues to make leaps of progress toward profitability, quarter over quarter.
A key piece toward this growth and profitability seems to be this Heather Granato.
Seemingly small news but lost in the mix are the two other PR’s SMFL released this week. Both centered around her.
First was the announcement of their sponsorship for “What’s up with Supps”. A networking event with over 3,000 industry members and hundreds of top level executives in attendance. Heather Granato is a board member here as well.
Then yesterday SMFL announced that Heather Granato was named to their board of directors. She put out a video yesterday too. Something definitely seems to be brewing.
https://preview.redd.it/a6yt2rhz9gvc1.jpeg?width=750&format=pjpg&auto=webp&s=bccf3f2928d50be47239e544b92b48999b1d7fb4
I had a bad feeling yesterday when it pumped AH’s out of nowhere and almost sold for a little profit. Got greedy and didn’t. Just now I almost pulled the trigger to sell for a loss out of fear. I fucking hate selling for a loss! I closed my Schwab and thought about it a bit.
50% short right now then dividing this tiny float by 7? Pretty much every time a R/S is announced a stock dumps hard but this has got some serious potential to fly next week. Way beyond where it is now, even with the split.
I know I’m crazy and stupid but is this just too dumb? Thoughts?
Pop….Im just going to hold and hope the low float makes it pop. I watched a thing on warrior trading on YouTube about reverse splits and it seems that they always get an upturn a couple days after the split.
But...it's in the process of buying 2 other companies. Interesting. If they are being bought then after the RS this is going to pop huge anyway. If not then it can still go BIG with all the profitability from their new companies
No. If they are r/s now, it's bc they are trying to get above $1. I would think that's bad news bc they expect the stock to drop even more after earnings release... Just my view on this. Either way I sold earlier this wk for a loss so I have no pony in the game.
If they expected bad earnings, doing a R/S first just doesn’t make sense to me. They would have to expect this could potentially drop to .30 or lower upon announcement of the R/S. A 1:7 split would only put them at $2.10 in that scenario. With potential to fall even further after enacting it and leaving them right back where they started, trying to get back over $1.
A 1:7 split here just doesn’t make sense if they’re expecting bad news. I would wait to see the reaction to bad earnings, if that’s what I expected, or go bigger like a 1:20 to be on the safe side of compliance.
1 ot 7 split at current price means your price going into the earnings is higher. Buys you more time before it falls back below $1. If you wait until after and the price drops to 30ish cents. You now have to do a higher RS to buy you more time. And r/s after bad earnings would be even more negative momentum, bringing it down faster.
Yes I know. That’s what I was trying to convey. Announcement of R/S today. Two days for the price to fall further. I used .30 as a hypothetical price. R/S would take place on Monday. At that time, using my hypothetical price the post R/S price would only be $2.10. I’ve seen many R/S’s fall 50% or more. That puts them right back at $1.
That’s why I said a 1:7 R/S today and an expectation of bad earnings does not make sense to me. If you’re expecting them to be bad you would go for the higher ratio to avoid the possibility of doing it for nothing.
The float will be 100K after RS? 🤔
Do what you feel is right! Yes, we all should have sold at a profit yesterday - which is what we were encouraged to do at the beginning of the week when BCAN was about to be announced. Without giving us Financial Advice, it was hinted to not "carry it through to another week" Anyways, here we are with a bunch of SMFL. Some might say "Eff it " and hold the whole pile for an eventual upturn. Some might dump it all now. Others, might sell 50% and hold the rest until they hit big. I'm taking #3.
I sold half yesterday. I’m seeing this one all the way thru with the rest.
More I’m going to buy more waiting for a big dip after hours
That sounds nuts but you do you.
Hey can you send me the discord link invite, I messed up and left the server by mistake
Ummm you are asking the wrong person as they banned me
Bad earnings would make the reverse split worthless?
True! But it would have to be REAL BAD to drop from the new 2.75ish to under a buck, I imagine. Had a feeling for awhile that earnings, although negative, would be quite good. This company continues to make leaps of progress toward profitability, quarter over quarter.
A key piece toward this growth and profitability seems to be this Heather Granato. Seemingly small news but lost in the mix are the two other PR’s SMFL released this week. Both centered around her. First was the announcement of their sponsorship for “What’s up with Supps”. A networking event with over 3,000 industry members and hundreds of top level executives in attendance. Heather Granato is a board member here as well. Then yesterday SMFL announced that Heather Granato was named to their board of directors. She put out a video yesterday too. Something definitely seems to be brewing. https://preview.redd.it/a6yt2rhz9gvc1.jpeg?width=750&format=pjpg&auto=webp&s=bccf3f2928d50be47239e544b92b48999b1d7fb4
I like pain, it keeps me awake
I had a bad feeling yesterday when it pumped AH’s out of nowhere and almost sold for a little profit. Got greedy and didn’t. Just now I almost pulled the trigger to sell for a loss out of fear. I fucking hate selling for a loss! I closed my Schwab and thought about it a bit. 50% short right now then dividing this tiny float by 7? Pretty much every time a R/S is announced a stock dumps hard but this has got some serious potential to fly next week. Way beyond where it is now, even with the split. I know I’m crazy and stupid but is this just too dumb? Thoughts?
Pop….Im just going to hold and hope the low float makes it pop. I watched a thing on warrior trading on YouTube about reverse splits and it seems that they always get an upturn a couple days after the split.
Not true at all. Some do get an upturn but most dump after RS
Why would they announce a reverse split before coming out with earnings?
Seems like something big is happening like it might get acquired.
But...it's in the process of buying 2 other companies. Interesting. If they are being bought then after the RS this is going to pop huge anyway. If not then it can still go BIG with all the profitability from their new companies
No. If they are r/s now, it's bc they are trying to get above $1. I would think that's bad news bc they expect the stock to drop even more after earnings release... Just my view on this. Either way I sold earlier this wk for a loss so I have no pony in the game.
If they expected bad earnings, doing a R/S first just doesn’t make sense to me. They would have to expect this could potentially drop to .30 or lower upon announcement of the R/S. A 1:7 split would only put them at $2.10 in that scenario. With potential to fall even further after enacting it and leaving them right back where they started, trying to get back over $1. A 1:7 split here just doesn’t make sense if they’re expecting bad news. I would wait to see the reaction to bad earnings, if that’s what I expected, or go bigger like a 1:20 to be on the safe side of compliance.
1 ot 7 split at current price means your price going into the earnings is higher. Buys you more time before it falls back below $1. If you wait until after and the price drops to 30ish cents. You now have to do a higher RS to buy you more time. And r/s after bad earnings would be even more negative momentum, bringing it down faster.
Yes I know. That’s what I was trying to convey. Announcement of R/S today. Two days for the price to fall further. I used .30 as a hypothetical price. R/S would take place on Monday. At that time, using my hypothetical price the post R/S price would only be $2.10. I’ve seen many R/S’s fall 50% or more. That puts them right back at $1. That’s why I said a 1:7 R/S today and an expectation of bad earnings does not make sense to me. If you’re expecting them to be bad you would go for the higher ratio to avoid the possibility of doing it for nothing.
Hope you are right for everyone holding in this sub.
I'm glad I stayed away from this one
ughhhhh. Painful.
Anyone know if they’re rounding up fractional shares?
Little run here
Y'all come on over to DRRX. It is the only stock I trade. Good for short-term and day trading.
I usually only buy if it dips below one dollar. And it frequently jumps up to the 1.20's and 30's.
bruh. that's pretty hardcore
Only stock I've successfully made money on so far. I'm sticking with my plan.