$TYHT

Sources

Looks poised for a run up ($10+), barring any crazy macro factors.

RoadDawg55

Sources said:

Looks poised for a run up ($10+), barring any crazy macro factors.

What’s the reasoning. I don’t know shit, but I looked and it’s down 9% today.

Sources

RoadDawg55 said:

Sources said:

Looks poised for a run up ($10+), barring any crazy macro factors.

What’s the reasoning. I don’t know shit, but I looked and it’s down 9% today.

The 9% is largely profit taking IMO, not a risk of a reversal

A number of reasons, but from a purely technical perspective, a few that I like in particular:

Bounced off of the 200 day SMA (teal line) and held into what is normally a middling or bad week for small caps (OpEx)
Large spike yesterday on increased volume and price didn't drop much on lower volume next day - suggests bulls are still in control (also an inside bar today) and light pullback is consolidation
Also, this is a lower volume, higher beta stock, making it highly susceptible to macro factors (Fed talk today caused part of the sell off)

I looked into fundamentals a little bit, but not enough to say I'd sell the house to get in. Just saw some things I liked and passed it along. FWIW, I have no position (but likely would if I wasn't restricted by my wife's job)

greenblood

I’ll put my next gov assistance check into it, and see what happens

Baseman

greenblood said:

I’ll put my next gov assistance check into it, and see what happens

Sign it over to me and I'll kick you in the nuts. Better deal for you