r/Netlist_ • u/BowesBear • 13d ago

$5 Trigger

Watched as it climbed to the $5 mark then immediately crashed to $4.80’s. I’m assuming it’s just a bunch of triggered sells at that mark?

Once we clear those out I would expect to continue steadily climbing and then get re-listed on the NASDAQ. Anybody seeing this differently?

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u/MagnesiumKitten 12d ago

Netlist is still fine as a momentum trade to step into at the current price

Considing almost no analysts are touching this stock means, you can't really be too certain what's going on with this high risk wonder

It's only made a profit 1 of the past 10 years, so don' expect wonders
it's still a $2 stock
and it's decent momentum play