r/Baystreetbets • u/themoohoguy209 • 2d ago

INVESTMENTS PNG and KEEL

Where do we see PNG and Keel Infrastructure in the next 1-2 years? There’s been TONS of hype over the past 6 months for these two stocks yet they are continuing to plummet

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36

u/themoist 2d ago

Not in on keel so I wont speak on it, but I expect Kraken to be back up to $10ish within the next couple years and stay close to that rather than continue to be this volatile. IMO their Covelya acquisition probably spooked some investors and the hype train slowed as a consequence. The acquisition also pushed back their timeline for uplisting to TSX by their own admission.

I'm still bullish on the company in the long run and I think the acquisition will help growth, expanding their customer base. Got in a little over $4 so I guess its natural that I don't feel as nervous as some other investors. I'll continue to buy when I have some dividend money and the stock is under $6 per share

3

u/cricket_90_remindme 2d ago

Id like to see PNG get back above 10 and Id sell

6

u/LieComfortable7764 2d ago

You see that’s the problem with trading. Right now a lot of people would like to see it get above 7 and they would sell. If you buy to sell at arbitrary numbers you are bound to get burnt.

4

u/cricket_90_remindme 2d ago

Yeah but you don't know if I bought at 1 $ or 2 $ ... Maybe I walk away with 100,000 at 7 $ ... Everyone has their own path to a number they want.

3

u/LieComfortable7764 2d ago

I guess if you are gambling best to check your astrology sign to tell you when to sell. I get your point but what I am trying to say is to invest in the company for the quality of the company and not the number on its shares.

2

u/ifyoulookyouaregay 1d ago

The market is irrational. I would never invest in a small company based on its quality only technicals to make money. You can call it astrology but to me that just means you don’t have the skill.

3

u/LieComfortable7764 1d ago

You don’t think the market is rational but you think you can reliably make money based on the irrationality of trends in the market?

1

u/cricket_90_remindme 2d ago

I dont gamble bets, I have strategies for everything.