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TheStockOdin
Mar 20, 2022 2:07 PM

$NILE about to squeeze the new shorts out? Long

Description

Let's talk about this badly beaten down stock.

First off I would call this a TRADE & not a investment to start off with IMO.

As you can see in the past few days this has gotten quite a bit of short volume on this ticker. The hype on NILE is coming in.

I would like to see it hit .75- $1.00 first, then we will see where this can go from there once the volume comes in.
Comments
SpikeDumont
Great summary nice chart! Ty!
TheStockOdin
@BitcoinArtDolla, haha I do not know about that, I just know it has potential. we wont really know until we get volume.

Analyst price target is set to $6.50, I haven't looked in depth of who or how many gave it that consensus.
Regardless we are going to play the chart.
Eggo4u
@ninjanew, it 0.86 you see a target of 6.00 possible?
TheStockOdin
@Eggo4u, Sorry just saw your comment, honestly no... but I am not saying it can't. A lot of people do not have faith in the CEO, I honestly believed it would take some serious time to get there.. and more institutional investment (like no institutions are hold this... literally). I mean It could hit a couple dollars possibly though.. I mean it did hit 1.00 today, so thats a pretty decent gain depending on entry.
TheStockOdin
@ArtfulDodger1974 so I would agree in a sort, depends on goals, but if you are talking about long term investing or growth, then yes, I would like to see institutional investment to gauge faith/sentiment, now as far as for a trade play, no I would probably rather not.. as far as AA, I’d no one saw that coming they are blind.. retail needs to stop listening to retail.. literally piggybacking off each other. As far as Ault selling, I wouldn’t be to worried as he literally has been buying his own stock for months, his avg is way higher than it sits at the moment.. could this company turn around, possibly if Bitcoin does well, or if the charger section of the business does well… if they do implement dividends and etc.. it will definitely take a while to good positive sentiment though, it is so cheap though, I mean their isn’t much room to the downside without delistment. Buying shares and selling overvalued calls against it as a hedge wouldn’t be to bad of a idea if someone is wanting to dabble in holding it for longer than a trade.
TheStockOdin
@ArtfulDodger1974, question for you? lol how do you have a 500 reputation, with same follower number as me, no ideas posted.. and I have like a 23 repuation lol wth
TheStockOdin
@ArtfulDodger1974, ahh right on, so its from your liked comments probably... makes sense... I literally play the chart, I am not bias, I play both sides. Now I will agree charts do not really work well for penny stocks or at least not until algos take over.. I play the chart first then, then a mixture of news/fundamentals/forward looking aspect. I do not really post much on here much, ya I am on stocktwits @ninjanewtrades & @TheStockOdin are my usernames for stocktwits.
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