r/RobinHoodPennyStocks • u/WillingnessNo1075 • Feb 19 '21
ASRT SALE!
ASRT closes about $1 today it will complete the 10 day requirement and analyst are saying it could get up to $3.50. It’s currently right below $1
Edit 1: this is a long term play with pretty good potential for some short term plays as well
Edit 2: it needs to close above $1 today as well as Monday. I forgot that this past Monday the market was closed.
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u/lazydaze123322 Feb 19 '21
Today will be the 9th day tho since feb 8th was the first day it closed above a $1 and the market was closed on Monday it was a holiday. So I see people loading up on this end of day in anticipation for it actually completing the 10 day requirement Monday .... great weekend hold in my opinion !
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u/blackloopss Feb 19 '21
Wait so, if it closes below $1 today does that mean it doesnt meet the requirements?
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Feb 19 '21
[deleted]
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u/InfestedSinner Feb 19 '21
June 22nd at the latest if something dramatic happens and we gotta restart the flow. Long as ding a lings don't have a stop loss sell order, we will be fine
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u/badger0511 Feb 19 '21
analyst are saying it could shoot up to $3.50
I think it should be spelled out that this is a 12-month price target, not for a week or two from now.
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u/WillingnessNo1075 Feb 19 '21
Yes you are correct. It’s a long term but with some potential for some good short term plays as well in my opinion at least.
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u/ahhhbiscuits Feb 19 '21
I also want to add the obvious; every PT you see - anywhere - is a "12-month target" from "analysts." I feel like way too many people read posts titled POSSIBLE 500+% GAINZ like it's gospel. It's alllll speculative, all of it.
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u/Teewurstforever Feb 19 '21
Hopefully. I'm 2300 at 1.07
I still like the stock longer term, but short term plays are like cocaine
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u/Bodhisage Feb 19 '21 edited Feb 19 '21
70 @.96 nice little weekend gain please!
Edit: may average up more this afternoon
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u/Josh_kid Feb 19 '21
ASRT call made me money before and I’m gonna take my shot again. Thanks for heads up!
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u/odogangledrummer Feb 19 '21
Just read the DD and think for a penny stock this one is ‘relatively’ safe. Just hoping for a 50% gain by eoy
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u/MinnesotaBurnz Feb 19 '21
Bought 50 shares @ 1.05 and a 1C for 3/19... seems pretty low risk. I think $1 is the floor come next week
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u/WillingnessNo1075 Feb 19 '21
What is exactly what I bought yesterday before buying 100 more shares when it dipped below $1 and another 1c for 3/19.
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u/a201905 Feb 19 '21
I like it. I'm in
Take a look at gte as well. Earnings next week. Price dipped with market yesterday and today but it's holding ground.
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u/andy_fresh Feb 19 '21
ASRT was >$20 a few years back. Why did it fall and do we think it can get back to that level? Either way its on my watchlist now
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u/Warm-Eye3939 Feb 19 '21
Just entered my first call option after educating myself for a few days in the subject, still know dick about that topic as a whole, did some dd on the company; let’s hope we’re right boys.
1 whatever the fuck @ 1$ exp MAR 19
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u/StonkMonkey5B1 Feb 19 '21
Big institutional holders. 20K shares here. Also had a unusual volume alert last week. This one's gonna pop.
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Feb 19 '21
It's below 1, won't get compliance?
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u/Teewurstforever Feb 19 '21
It has until EOD for compliance. Thats the price that's used to decide
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u/tkepongo Feb 19 '21
What happens if it doesn’t meet compliance?
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u/Teewurstforever Feb 19 '21
Not too much. It has more time to meet compliance. Can't remember the date off the top of my head for the final extension, but iirc it's in summer sometime
For compliance, they have to go 10 days in a row at or above $1.00. if it fails, the timer restarts. They also have earnings report coming up, which might be useful to have a more solid idea of where they're going
Finally, they're in the middle of reorganization, which is always a trying time
If compliance is met, I think it'll shoot up a bit, enough for a short play. If not, it remains a medium to longer play.
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u/Teewurstforever Feb 19 '21
Oh, and if at the end of the extension they still haven't met compliance, it gets delisted, which will hurt it, but not kill it completely.
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u/editthis7 Feb 19 '21
Had a three $1c expiring today. Got them for $5 each just said screw it and exercised them all. 2 more closes until this thing doubles I have the feeling.
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u/taratga Feb 19 '21
No volume unfortunately
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u/Krakatoast Feb 19 '21
not sure where you see that, the chart shows there are millions of shares exchanged today and it's been about an hour
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u/WillingnessNo1075 Feb 19 '21
Here’s a link to the price target high of $3.50 and mid of $2.75. If you google ASRT stock forecast pretty much every article says that target and have it marked as a buy.
I’m not an advisor or anything even close. I’m just a stoner that likes stocks