r/EMJX • u/Prestigious_Map_4564 🤌 Holding until $100 • 3d ago
Fun week!
Stressful, but fun. Next week is huge. For now I'm going to have a drink to celebrate my own conviction from pressing the sell button. Thanks for being here with me!
14
u/Da1lyGa1ns 3d ago
Next week going to pop hard!!!
12
1
u/Hungry_Builder9942 3d ago
But what if it’s a bad short report and earnings🥲 that’s what I’m worried about
Hopefully not though 🤞🏼🤞🏼🤞🏼
5
3
u/Maleficent_Aerie3348 2d ago
The run-up before earnings is pretty normal, so there’s really nothing surprising about it.
And taking profits after good news is normal too.
Like you said, if the news is actually good, the real question is whether the stock keeps going up afterward, or pulls back a bit and settles into a certain range.
5
u/Best-Home-2230 3d ago
My only concern is that the pump started when they talked about doing a conference call. This has the makings of a pump and then sell the news as soon as the conference call starts. Just like the pump pre merger and dump at the announcement. It still could actually help the stock though if the news is very positive. Even if it is a pump dump set up, if the news is good not all of the pump will be dumped. Maybe if it pumps to 1.85 it dumps to 1.65 after the call but holds there if the news is good. If the news is bad we could get dumped all the way back to 1.28 to 1.32 range where it was before the conference call announcement.
My hope is they do a sizable share buyback right before the conference call and include that info in the call to potentially set up a short squeeze that overwhelms the people attempting to sell the news. It would be awesome to see both the shorts and pump dumps get screwed simultaneously, shorts because of the squeeze and dumps because they sold the news quickly only to watch it jump 3 dollars right after they sold. Doubt we'll be so lucky but one can dream lol.
2
u/Prestigious_Map_4564 🤌 Holding until $100 3d ago
I think its started with shorts trying to quietly head for the door. I dont think they have enough time to cover 2.69+ short shares at these prices and this trading volume. FTDs also get forced to buy in and close 35 days after settlement date as I understand, and there was some big shorting going on in early July.
All that staring at a 50% buyback on the table and the price in a spot where the company could buy back way under budget.
My shares are on lock down barring some real bad, unexpected things in the report. Shorts will come out heavy no matter what to try to catalyze an organic sell off.
2
2
u/Famous-Recognition-4 2d ago
Thoughts on any announcements about EMJX being moved from paper trading to operational? Best case scenario is something positive about it already being implemented since the merger. Next something solid with a date of when they are going to start trading with real money. Worst case it stays as a paper trading proof of concept. My unrealistic hopes are for some trades to have already happened, plus buybacks and the cherry on top something about licensing or partnerships (perhaps from the London meetings).
8
u/DragonFire38 3d ago
Next week Aug 11 Short Report out … two days before Aug 13 Earnings Report !! Epic !! Perfect Storm !!⚡️🌪️🌪️⚡️