WOLF Just remember that there's a lot of dilution to come yet. If Renesas get their approvals, the float increases from 25.8mn to 43.6mn. If/when Renesas exercises their warrants, it increases further to 48.5mn.
Anyone buying now fixes their cost basis, but that dilution slashes share price unless some catalyst increases market cap (*a lot*). At time of writing, WOLF last printed $34.58. After dilution to 43.6mn shares, that becomes $20.46. After dilution to 48.5mn shares, $18.40.
In either scenario, you end up with an unrealised loss. Market cap would have to increase by 69% and 88% respectively just to break even.
WOLF Price pushed up likely by Firms like Jane Street, Citadel etc to free float from shorts; -Today’s range: 26.28 → 30.65; current ~30.3. Classic squeeze tape, not fundamentals. -No fresh company PR/8-K today (only a nothing-burger Form 3). -Why it squeezes so easily: post-reorg tiny float (~25.8M) + expensive borrow. Translation: air pocket. Should come back to its senses to around 25s -27s when it cools down.
WOLF The price chart does this a bit of an injustice as we all know the market cap got trashed after the 1:120 hammering. At $650m MC, I'm happy to play the recovery and DCA. I wasn't holding when it went pop, but still felt the pain. Good luck to everyone on this one.
WOLF Ave Fenix. Even if it goes deeper. I see a great potential in this company. IA is not even started yet. Maybe I will have to wait, but eventually I know that I will see Wolfspeed fly.
WOLF Like mentioned before, it looks like we will end up with mid teens in the coming days (pointing to next week sometime unless a great news appears that will delay this further). The valuation is set for around 12-18 range. The dust is settling but not fully yet.
WOLF Today only 10/01/2025.. and tomorrow if the stock does not rise today... I call on all shareholders to go to the American judiciary to file lawsuits for tampering and stealing shareholders' money by deceiving them and to investigate the company's debt, which was about 7 billion dollars, where did it go and why shareholders' money was taken unjustly and to request compensation for the full amounts contributed by each shareholder.
WOLF if you are short make sure you watch for your brokers borrowing fee as they went up incredibly. Interactive Brokers charges 360%. Which works out average around 500$ per day for your short position. If you short and sell before the closing time no charges usually. This is only if you hold through days closing time.
WOLF Just remember that there's a lot of dilution to come yet. If Renesas get their approvals, the float increases from 25.8mn to 43.6mn. If/when Renesas exercises their warrants, it increases further to 48.5mn.
