This money losing stock will go parabolic for 2 reasons:
- 5G hysteria
- Short squeeze
This one is a long term play in my 401k, loaded up while it was under $5. Based on charts, it could go back to $4.6, if it does I'm buying calls in my regular brokerage account.
Like a lot of stocks, it's trading on borrowed shares, institutional holders have over 100% of float. There's a lot of insider holdings as well on this one.
If their 5G products pan out, they might even make a profit, lol, but I don't think it matter either way.
- 5G hysteria
- Short squeeze
This one is a long term play in my 401k, loaded up while it was under $5. Based on charts, it could go back to $4.6, if it does I'm buying calls in my regular brokerage account.
Like a lot of stocks, it's trading on borrowed shares, institutional holders have over 100% of float. There's a lot of insider holdings as well on this one.
If their 5G products pan out, they might even make a profit, lol, but I don't think it matter either way.
Comment:
Earnings is March 6th. It could double top before earnings like CIEN did.
Trade closed manually:
Looks like it found support here but I'm dropping this POS, earnings don't justify the price. My only real loser trade this past month, thankfully I made more money off of CIEN than I lost on this. Dropped it out of my 401k as well, looking to buy CIEN and NOK long term.
Trade closed manually:
Flipping the call options here while it's still green. There's a chance that it forms a doji and goes up next week, but I'm not sticking around.