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$TYHT

Sources
Sources Member, Swaye's Wigwam Posts: 4,347 Founders Club
edited May 2022 in Tug Tavern
Looks poised for a run up ($10+), barring any crazy macro factors.


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  • RoadDawg55
    RoadDawg55 Member Posts: 30,148
    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.
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  • Sources
    Sources Member, Swaye's Wigwam Posts: 4,347 Founders Club
    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)
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  • greenblood
    greenblood Member Posts: 14,560
    edited June 2021
    I’ll put my next gov assistance check into it, and see what happens
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  • Baseman
    Baseman Member Posts: 12,369
    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
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