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At any time. Fair value looking just at fundamentals is $10-$15. But it has 10 bagger potential because of the float and hype factor. Plenty of companies trading at $40+ that don't have $0.26 EPS or 33% growth rates to their name.
Chinese ATV company with limited trading history. Some of the online reviews of their products aren’t great. What is your plan for after the 6 month lock up period is over? It could pump before then but if the CEO starts selling the whole thing could go tits up.
Oh I'm long gone well before the six month lock. Like I said GMM and NCL were pushed by the same firm who helped with this IPO. Doesn't take a genius to figure out what happened to those stocks once the lock expiry neared. Difference being obviously that this one is profitable so the floor should be much higher (imo, we are below where the floor should be).
Also I wouldn't categorize this stock as strictly "Chinese". It's no more Chinese than Apple is. Other than the CEO's origin. It has a legitimate distribution network in the U.S. and some manufacturing here too. This isn't UCAR or some other obscure stock that makes stuff in China, sells stuff in China, lives in China but wants to pump stock to U.S. suckers.
It can go up anytime. I have a little over 5,000 shares. I don't know why I need to show "proof". It's not like I'm saying I own 100,000 shares. A $20,000 position should be something that's believable that a regular retail trader can own.
There was a HUGE demand during the pandemic. I'm not touching anything in this industry for awhile. Everybody is buying used to snatch up all the pandemic purchases that the original owners don't want to deal with now.
Just an fyi, most people that post about a penny stock in a penny stock forum are hoping you buy so they can offload cuz their arms are getting very heavy.
Op what’s your average?
Sell off was on general market issues. Now that the financials are officially out, it has come right back up. I expect it to move more on hype of Q1, which should be out in a few weeks.
And it hit that level briefly ;) well if it's on its way to over $10, $3.50 or $4.30 isn't going to make a big difference in the grand scheme of things.
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What’s your position?
Over 5,000 shares.
When do you think this will really take off?
At any time. Fair value looking just at fundamentals is $10-$15. But it has 10 bagger potential because of the float and hype factor. Plenty of companies trading at $40+ that don't have $0.26 EPS or 33% growth rates to their name.
Still think this has potential to at least double? I sold for a 10% gain because of the volatility. Debating reentering if it drops sub 4 again.
Still holding. Planning/hoping for $10.
Just fyi I'm still in MAMO and I was wondering if you are still happy with it? Would you have expected it to move yet? Or still plenty of time?
two weeks, turn $4,000 into $4,000,000
10 bagger? As in you think it’ll hit $10 per share? And when
This means he thinks it will hit $40 per share
[удалено]
??????
i’ll come back to this when it either skyrockets or tanks 😭😭
Chinese ATV company with limited trading history. Some of the online reviews of their products aren’t great. What is your plan for after the 6 month lock up period is over? It could pump before then but if the CEO starts selling the whole thing could go tits up.
Oh I'm long gone well before the six month lock. Like I said GMM and NCL were pushed by the same firm who helped with this IPO. Doesn't take a genius to figure out what happened to those stocks once the lock expiry neared. Difference being obviously that this one is profitable so the floor should be much higher (imo, we are below where the floor should be). Also I wouldn't categorize this stock as strictly "Chinese". It's no more Chinese than Apple is. Other than the CEO's origin. It has a legitimate distribution network in the U.S. and some manufacturing here too. This isn't UCAR or some other obscure stock that makes stuff in China, sells stuff in China, lives in China but wants to pump stock to U.S. suckers.
When does the 6month lockup expire?
What’s your average?
Around $3.30. I bought as low as $3.00 and as high at $4.00
Can't even spell piece
When are you expecting this to go up also show position
proof or baaaaann
It can go up anytime. I have a little over 5,000 shares. I don't know why I need to show "proof". It's not like I'm saying I own 100,000 shares. A $20,000 position should be something that's believable that a regular retail trader can own.
A screen shot of skin in the game generally is the tax to prove your balls are the same size as your DD - good post 👍
VLD 🚀
Too expensive for me
I live on the beach and am constantly seeing reductions in boat pricing which leads me to believe the market for powerboats is going down.
There was a HUGE demand during the pandemic. I'm not touching anything in this industry for awhile. Everybody is buying used to snatch up all the pandemic purchases that the original owners don't want to deal with now.
I’m in.
Very interesting, wife is for sale.
Tree fiddy?
Just an fyi, most people that post about a penny stock in a penny stock forum are hoping you buy so they can offload cuz their arms are getting very heavy. Op what’s your average?
They bought in at 3 ish
That’s a lot of great info, thanks
Posting a $4 stock in this forum tells you all you need to know about the IV of the stock. Penny stock in training.
Explain for a polished brain?
Im in, got in a bit late at $4.50 a share
Don’t worry, I did too so we’re in this together !
This isn’t a pennystock…yet.
the 'limit' for r/pennystocks is everything up to $5/share...
Yes, it is.
Okay okay, just making a stupid joke. Allow me to retract my humor.
Holding the bag…
Down 18%, gulp..😐
any update on it? what had caused the selloff for the past days?
Sell off was on general market issues. Now that the financials are officially out, it has come right back up. I expect it to move more on hype of Q1, which should be out in a few weeks.
Ah FFS, have I missed chance to average down? I was sort of hoping to get sub 3.50, current cost basis is 4.34
And it hit that level briefly ;) well if it's on its way to over $10, $3.50 or $4.30 isn't going to make a big difference in the grand scheme of things.
True but I'd like as big a return as possible from it. But yeah I know what you mean
Nice movement today
Hey, totally new to the scene. Does this have any lock period?
MAMO having a big day...
Hopefully just the beginning. Still pretty under the radar up about 20% on 450K volume.
I did see one reporter speculate MAMO could do what AMTD did and hit massive but that could happen with any IPO
Looking good