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I think so too, but time will tell.
NEGG...........................https://stockcharts.com/h-sc/ui?s=NEGG&p=W&b=5&g=0&id=p86431144783
NEGG: This stock is poised for crypto, nvidia-card growth
Now that several colluding funds have failed to bring home the 'rs' trophy, Newegg is poised to skyrocket well above $10 per share on streamlined financials, advances in machine learning and advanced intelligence in house and to the rapidly-growing consumer base, rare acceptance of bitcoin and other cryptoassets as payment, and amazing Nvidia graphics card revenues due to prices that crypto miners love.
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$NEGG - something big must be coming. Over $1.00 now
$NEGG - looking good and ready to run!
If only they would stop inundating the market with form 144s, this could actually recover.
NEGG: Earnings Updates. Bullish! SEE IT:
Earnings:
1. New robots now helping internally ✅
2. Expenditures are reduced ✅
3. The $10 Million Share Buyback has not yet even begun ✅
$NEGG
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NEGG: Reports that Newegg could 'squeeze' back to $80
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GameStop could "buy out Newegg" via stock -Analyst
#NEGG 🔥 80% this week! Watch next week for move $NEGG
I tend to agree with that.
NEGG: Newegg technicals show "strong uptrend developing"
$NEGG
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NEGG: Announces $10 Million buyback of shares. LOOK:
According to Newegg's form 6-K filing on the share buybacks, it's $10 Million worth of shares to be purchased.
The float before buybacks was only 19.84 Million shares available on the market...
Today the average price of the stock transacted at around $0.70. Assuming that buybacks hypothetically occur around this price, then 14.3 Million shares would have to be bought, thereby reducing the number of shares available on the market (the float) to around 5 Million shares, or just over $3 Million worth. In that case, it would only require one investor with just over $3 Million to 'lock' $NEGG 's float.
Yet, according to Ortex, Short Interest in Newegg stock was around 1.51 - 1.87 Million shares, with another 1.23 Million shares in short volume on Tuesday, November 13th. So, as of now, there could be over 3 Million shares short. How would these short positions be able to be bought to cover if the shares are nearly bought up? How would these short sellers be able to close their short position if the shares are not available?
$NEGG
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NEGG: $2 Billion revenue annual, yet only $260M cap?
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This stock is firesale price rn. Just bought at 83.9 holding until green
This could use another NVIDIA surge.
Newegg Introduces Graphics Card Trade-In Program
https://www.businesswire.com/news/home/20230926386865/en/
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NEGG: Newegg Price consolidated above $1. Now Discounted.
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Is Chang still banging out those Form 144s?
NEGG: Newegg is the 'Nest-Egg'-maker stock: Safe&Investable
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NEGG: Quick shot to $6.00 is not out-of-the-question...
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NEGG: Leads the way in implementing AI for e-commerce
NEGG: New Newegg Artificial Intelligence ShopGPT
https://finance.yahoo.com/news/newegg-launches-first-computer-shopping-125500193.html
$NEGG
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Oh stop it already
NEGG: $1.50. Then $2.00. Then $3.00. "Very-Soon"
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NEGG Uses AI for New Online Shopping Experience..SEE-IT:
https://finance.yahoo.com/news/newegg-uses-ai-build-online-122000354.html
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NEGG: $2 Billion in routine sales per annum. Efficient.
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NEGG: This discount to value is nontrivial. It's substantial.
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NEGG: Newfound bull trend is now-confirmed by successful retrace
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NEGG: I added more on this short term Fibonacci-retrace
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Oh it does take money to make money... but if it takes more then ya make someones going to get burned and its usually shareholders
Hey i do hope you're right but lets see if we can get up to 2 bucks before we start really cheering
Reason why we are Trading under $2 is it was heavily Shorted here. You know what that means?? Squeeze….. Mix that with Fundamentals & Technicals. Boom
At Ghosttrader takes money to make money in any Business. Difference here is they are Making Revenue unlike a lot of other tickers trading 10x higher with Bloated Floats and No Revenue. This Low Float, A1 Tech, Revenue. This will be Trading Double Digits soon. IMO
From what i understand it takes them over 1 billion to generate that revenue... could be the reason we're down here not seeing 70$ in the near future IMO
Float under 25 Mil and almost 2 Bill In Revenue. Enough said! Sleeping Monster going back to $70 PPS
NEGG: Newegg now using Machine Learning [Artificial Intelligence] to make transactions more relevant to each shopper.
NEGG: Price is currently discounted to cheaper than $2?!
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NEGG: I don't see how $50.00/share would be out-of-the-question...
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NEGG: Some invested at $70.00/share on strong revenues
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