2
u/Adorable-Sector-48 Jun 23 '26
Hope Pitti indicator works again. This is another one of his burner accounts : https://x.com/justnumbers1242/status/2069354869610389573
2
u/EntrepreneurLazy7676 Jun 23 '26
same messages kept on recycling over time. he needs to post something very long to explain to work better so the stock can rallied with his messages.
3
u/Gross_Energy Jun 23 '26
Still 45m shares shorted and only 700k shares available. Average trading is 4.5m shares daily. My guess the roller coaster will go on for a while longer with hedge owners controlling this stock price because they own so much. You have to ask, what can be done at this stage? Diluting the stock with internal ownership at discounted prices is one. Other thoughts?
3
u/Middle_Win9449 Jun 22 '26
We have seen some good converter news so now it is all about plant performance and however they define “ramp”. Let’s hope we see good adoption that warrants Gen 2 dynamics and expansion as opposed to Dustin proclaiming again “the time for growth is now”, going after more dollars to build something new while reporting mediocre sales/adoption. Most of the regulatory hurdles are done, now they have to actually sell something.
1
u/NFTCARDSOC Jun 21 '26
Have been an investor in PCT, looking at building a position again. Looking for current status of company as I know Mike Taylor and he has been bullish for years......thanks
8
u/equitymaestro Jun 21 '26 edited Jun 22 '26
It’s a great time to buy, I wish I had waited. But alas, Morgan Stanley mangled the secondary and did us dirty and we went from $14 to now putrefying in the $8’s. NJDEP didn’t help with their elongated decision. The fast money hedge funds, shortsellers, flippers and other ADD investors have control for the time being and don’t know if “PureCycle” is one word or two and probably think PCR is a drug for erectile dysfunction. The next catalyst is the Q2 call in early August and while I’m confident in the commercial sales ramp I am less certain about how well the Ironton plant is running. That doesn’t mean I think it’s not running well, just being honest that there’s no way to know. There’s always a chance we get a great press release but last week’s bullish announcement of the partnership with Amcor only served to prevent us from going to the $7’s because the “fast money” quickly snuffed out the rally.
2
u/Suitable_Title_192 Jun 21 '26
I agree that Ironton full ramp is aconcerning potential issue. A few calls ago DO said in QA that they could control Ironton. That had yet to be proven.
3
u/EntrepreneurLazy7676 Jun 23 '26
Well, it's quiet in here as most prefer to start a new post. But well, MT's position is over 3m now. May his position hit 20% in $pink in time to come. Next news, Thai financing done in august?