Disclaimer: None of this is investment advice. The logic here may be bad and should not be relied upon. My assumptions may be bad and should not be relied upon. This post reflects my opinion. I may hold positions in securities I write about, and I believe in what I write.
It’s a little after midnight on the West Coast. The pre-pre-market trading hasn’t yet started.
Yesterday’s close at $1.25 and pretty much meaningless after hours decline of a penny means only one thing to me: It’s above a buck. I just care that it’s at least a buck.
We’re through three days of the 10-in-a-row-at-or-above-$1 needed to be back in compliance with the Nasdaq rules.
My expectation from today is that the bears will go HAM at pushing the stock price down. And a major push to get it under $1. Going into the weekend on a four-day streak is way worse for them than going into the weekend with a no-day-streak is.
Kinda for fun and kinda because if it hits this low, I’m happy to pick up the shares, I put a limit order in at $0.85.
Given on the content I’ve written about Evofem, I have been asked if I am redditor mccharming88. If my writing style is not indicative enough to the contrary, rest assured that I am not redditor mccharming88. All I write are my assumptions and opinions that I base off behaviors, trends, and my own research and experience to complement independently verifiable facts from reputable sources. I do not give investment advice, and I do encourage everyone to raise relevant points that are in conflict with my perspective. Or if there are holes in my knowledge that can be patched if only I knew where to look. If you, reader, identify areas that need improvement, please share in the comments section.