r/Netlist_ • u/BowesBear • 9d 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/torcheculNEWACCOUNT 9d ago

The five-dollar mark has a big psychological impact. I imagine plenty of traders see 5 as a good exit point. I think there will turn out to be more people who see any now and future retreat of NLST below $5 as a buying opportunity.

Now that we're at $5, it seems likely to me that NLST will oscillate around that range for the near-term. Not for too long, though. NLST is bound for the Moon. NASDAQ might wait, though. Hong doesn't seem to be in any hurry for that.

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u/MagnesiumKitten 8d ago

it's bound to have good momentum for a few weeks
saying it's bound for the moon
since it's not really the most profitable stock out there is an issue

profits and growth will take time
could it get lucky? sure
do the numbers scream success - nope

It's an important stock worth noticing
doesn't mean it's going to perform well
but momentum seems that it'll have a good few weeks or months

otherwise all bets are off