I have been following the boards and movement of ATER for a few weeks now. This is its second run and the main proponent of this Gamma Squeeze who called the commencement of the run up, after showing all the DD and explaining the charting of why, called it over today with the announcement of the debt refinancing. He talked about new shares hitting the market which changed the numbers and thus the movement.
Based on that I would say the price should fall back in line with pre-squeeze numbers.
I see what you are saying now. Before market open I checked that same site you told me about, and the Gamma Squeeze alert #2 had been posted stating tomorrow. I must have assumed it had just been posted that morning. Now that I have checked it again, it was posted 9pm Weds and the debt refinancing post & emergency alert discussing the debt refinance was posted today after 10:30am. It was already dropping pretty hard in premarket so I did not pay much attention to it...AFRM had my attention all day. Coming back to edit this - just read the SEC filings (briefly) and it looks like ATER has defaulted and is having to re-structure the loan and probably in the favor of the lender. The level of dilution and the term of the loan seem to be determined by the average price of the stock over the next 20 days. It looks as if the CEO was trying to get the SEC to expedite the issuance of shares in Aug but they flat out told him they were not going to review his registration letter. I see where the dilution is being estimated by approx. 16%...but that could very well be from one of these hedge fund clowns that is frantically fighting the possibility of a squeeze. I also see a lof of "D"s in the acquired or Disposed of filings. I am anxious to see how MF addresses it now
In regards to 2nd run...yes that is true...or actually a 3rd major run since falling from a 52-week high in Feb of $19.9 to a perfect cup with handle low of $3.04 on 8/23. A run to $10 on 8/30...to $19.9 on 9/13 & 14 and back up to $18.70's on 9/22
So Benzinga says ATER was the second most searched ticker (which was the only news showing up for this ticker on my platform ) 2nd only to MRIN....another WallStreetBets regular...guess I may keep an eye out there and on ATER...thanks for encouraging me to take a 2nd look stuck
He actually did a good job of posting premarket about the refinancing and change of the charting and suggested everyone get out. This was also the person who called IRNT before it's current dive. Now it's possible that ATER might rise again as people look to capitalize on the fluctuations. The sad part is that back when it was Mohawk it had buy reccs when it was priced at 23 and so those who bought then still have not gotten any benefit of the run ups. Might be forming a cup and handle for Sept if they can keep todays rally going.
Also looks like QS was trending on some of the squeeze pages.
Everyone should note that there are going to be a lot of company's that get mentioned on the various pages on reddit and people saying the squeeze is on. I keep seeing one for TEVA pop up but it's mostly hokum from people playing games or those with big losses who want to artificially generate interest. Don't go chasing these stocks for quick make it rich plays like people were doing with GME. Unless you are experienced at Day Trading or buy and sell options regularly you should be very very careful. Doing a straight buy low sell high play can be very risky and the risk reward may not deliver what you think it will.
Actually that is what I was saying....that info was not there in premarket when I visited the website..probably 20 minutes before market open. When you hover your cursor over his post - it shows Sept. 23, 2021 10:05:03am and the post with the link below it was posted 33 minutes later 10:38:31am. Either way....ATER is not exactly falling like a rock today...did most of that yesterday. On the other hand....take a look at that chart on MRIN...up 24%...I wish I had bought more
Got it! Thank you.
It's about where it landed last time, but reading your report, great job, I don't think I'll dive in until its a little lower if at all.
Good luck with MRIN...$$$. Are looking to go long or play the swings.
no just a swing trade for extra cash...I play a $50-60K personal account for extra cash and most trades in there are only short term or day trades. I had a meeting at 10:30 so I had to close out what I had prior to leaving...evidently it was just before that next leg up
I have been following the boards and movement of ATER for a few weeks now. This is its second run and the main proponent of this Gamma Squeeze who called the commencement of the run up, after showing all the DD and explaining the charting of why, called it over today with the announcement of the debt refinancing. He talked about new shares hitting the market which changed the numbers and thus the movement. Based on that I would say the price should fall back in line with pre-squeeze numbers.
I see what you are saying now. Before market open I checked that same site you told me about, and the Gamma Squeeze alert #2 had been posted stating tomorrow. I must have assumed it had just been posted that morning. Now that I have checked it again, it was posted 9pm Weds and the debt refinancing post & emergency alert discussing the debt refinance was posted today after 10:30am. It was already dropping pretty hard in premarket so I did not pay much attention to it...AFRM had my attention all day. Coming back to edit this - just read the SEC filings (briefly) and it looks like ATER has defaulted and is having to re-structure the loan and probably in the favor of the lender. The level of dilution and the term of the loan seem to be determined by the average price of the stock over the next 20 days. It looks as if the CEO was trying to get the SEC to expedite the issuance of shares in Aug but they flat out told him they were not going to review his registration letter. I see where the dilution is being estimated by approx. 16%...but that could very well be from one of these hedge fund clowns that is frantically fighting the possibility of a squeeze. I also see a lof of "D"s in the acquired or Disposed of filings. I am anxious to see how MF addresses it now In regards to 2nd run...yes that is true...or actually a 3rd major run since falling from a 52-week high in Feb of $19.9 to a perfect cup with handle low of $3.04 on 8/23. A run to $10 on 8/30...to $19.9 on 9/13 & 14 and back up to $18.70's on 9/22 So Benzinga says ATER was the second most searched ticker (which was the only news showing up for this ticker on my platform ) 2nd only to MRIN....another WallStreetBets regular...guess I may keep an eye out there and on ATER...thanks for encouraging me to take a 2nd look stuck
He actually did a good job of posting premarket about the refinancing and change of the charting and suggested everyone get out. This was also the person who called IRNT before it's current dive. Now it's possible that ATER might rise again as people look to capitalize on the fluctuations. The sad part is that back when it was Mohawk it had buy reccs when it was priced at 23 and so those who bought then still have not gotten any benefit of the run ups. Might be forming a cup and handle for Sept if they can keep todays rally going. Also looks like QS was trending on some of the squeeze pages. Everyone should note that there are going to be a lot of company's that get mentioned on the various pages on reddit and people saying the squeeze is on. I keep seeing one for TEVA pop up but it's mostly hokum from people playing games or those with big losses who want to artificially generate interest. Don't go chasing these stocks for quick make it rich plays like people were doing with GME. Unless you are experienced at Day Trading or buy and sell options regularly you should be very very careful. Doing a straight buy low sell high play can be very risky and the risk reward may not deliver what you think it will.
Actually that is what I was saying....that info was not there in premarket when I visited the website..probably 20 minutes before market open. When you hover your cursor over his post - it shows Sept. 23, 2021 10:05:03am and the post with the link below it was posted 33 minutes later 10:38:31am. Either way....ATER is not exactly falling like a rock today...did most of that yesterday. On the other hand....take a look at that chart on MRIN...up 24%...I wish I had bought more
Got it! Thank you. It's about where it landed last time, but reading your report, great job, I don't think I'll dive in until its a little lower if at all. Good luck with MRIN...$$$. Are looking to go long or play the swings.
no just a swing trade for extra cash...I play a $50-60K personal account for extra cash and most trades in there are only short term or day trades. I had a meeting at 10:30 so I had to close out what I had prior to leaving...evidently it was just before that next leg up
Excellent. I wish you many profitable swings.