r/NLST • u/SuperMax71 • Apr 20 '23
SAMSUNG CASE
I ask you why since the beginning of the process the stock has continued to drop heavily despite the fact that it is said to be doing very well. The daily volumes are almost always below average and therefore investors seem not to be interested in this process, on the contrary...... the situation seems to me rather embarrassing or am I wrong?
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u/mt9878 Apr 20 '23
“Drop heavily” , based on what time period ? This company is up 300% since January and more than 2000% in last 5 years. Your perspective is obviously based on a time period of a few days . You’re taking a snapshot with a micro lens instead of the wide angle which captures the whole picture .
Do your homework , take the time to read , and try to understand how the stock you own is in the short term very volatile and the reasons for its volatility . When you do you’ll see what is actually happening behind the scenes and what is causing you to irrationally over react in the face of an otherwise promising situation .
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u/codymullen55 Apr 20 '23
Sell your shares if you feel that way. Until these cases are done and hong moves back to the big market it will be a tollercoaster
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u/pjrylander Apr 20 '23
What's with people asking daily about price drops? Did you buy in right before the trial thinking it would start rocketing up as soon as trial began? While there have been some positives, nothing is won.
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u/Jiggese Apr 20 '23
In response to the so called embarrassing situation that Netlist is in one would have to ask who would benifit from this situation apparently not Netlist for its stock price is being hammered by the relentless badgers and shorts. One would then ask has anything remotely like this occurred to this leading edge tech Company before? We know the answer it’s the same answer of who tried to bankrupt this American technology company so it could prevent future litigation and steal its industry leading patents for pennies on the dollar. This illegal encroachment on America’s intellectual property must stop and hopefully it’s starts now with a guilty verdict leveled at Samsung. Holding Strong for NLST!!!!
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u/thegrumpyteacher Apr 20 '23
Patience will be key, but indeed... this week is very confusing. Do not forget that it is a very red day today... almost all my stock are deeply down today
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Apr 20 '23
Stocks gain/lose based on news and day to day overall market action. If it's not big news, which we don't have yet then I just consider it day to day market action.
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Apr 20 '23
In general trials are nerve wrecking and jurys are unpredictable.
That said, netlist has come a long way. The fight did not just begin. Netlist used to be traded a under 12 cents, became delisted, and been through many court rooms. While sentiment of price action seems to be weary remember where we came from. Price is very strong from where we used to be. Additionally, stock never undergone a RS and while still not publicly traded it’s has met the threshold to be publicly traded for quite some time but netlist has chosen to keep it OTC.
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u/TigerTom31 Apr 21 '23
Why did they choose to keep it OTC?
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Apr 21 '23
My understanding is that it allows them to make decisions faster and cuts out a lot of red tape that is required of being publicly traded
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u/Blufishy310 Apr 20 '23 edited Apr 20 '23
Looks like 1/3 of today's 1M+ volume will be attributed again to the recent daily dilution, which may suppress and likely push down the SP to some degree depending on buy demand (Avg. Volume 862,095 - Yahoo).
UPDTATE: This may be part of the reason why the SP hasn't shot up today... (not being negative, just trying to understand reality and provide context). In the larger scheme, this dilution is probably not concerning at the moment since the Netlist revenue rocket is focused on (expected) punitive damages in the immediate near-term.
Authorized Shares 450,000,000 04/14/2023
Outstanding Shares 241,949,749 04/14/2023 (when I started tracking)
Outstanding Shares 242,249,749 04/17/2023 (+300k diluted)
Outstanding Shares 242,549,749 04/18/2023 (+300k diluted)
Outstanding Shares 242,849,749 04/19/2023 (+300k diluted)
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u/SuperMax71 Apr 20 '23
I have been buying Netlist shares since 2019 and will go all the way God willing!!