my paper profits are disappearing.... how could this happen?
the market is irrational eh
to much bidding
not enough bidding
BPG lost $6m last year. But is now free cashflow (or is it op cashflow) positive.
What to make of it all.
bUY Tower lol
Instant success is a curse and a gift. The curse is you think luck is skill. The gift is you know it can be done. Then it’s a race to turn luck into skill before you lose it all.
Crazy thing is VWAP is 1.275 but current price is $1.07
The illiquidity of the stock means that when theres profit takers it can fall very quick as people take profit at any price hence the big difference between vwap and current price. Stocks gone up a lot so there was bound to be a down day. Looks like good support at $1.07 with next sellers at $1.15, could go either way or consolidate within this range we will see how the next few days trade. Should get an announcement that they have achieve the goal of getting $10m ARR start of next month.
Much needed breather today on the downside, would be nice to some consolidation around current levels. But the way it’s trading, who knows what tmrw has in store.
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