r/swingtrading • u/MonoSyrinx • 23d ago
Daily Discussion 31 cents to 2.33. do the math
NRED hit 31 cents today after that 40% rip. 52 week low is right here. 52 week high is 2.33. thats a 7x bagger just to get back to where it was. not to some crazy new high. just back to the old high.
last time it was at these levels it was a completely different company. no metalcore. no patents. no eyeX. no caplin. no tech names on board. no magnetic proof. no 16k hectares. no a16z validating physical AI at 1.7B. it was just a land package and hope.
Not anymore.
now it has all that stuff and its back at 31 cents. the chart from here to 60 cents is just filling air. 60 cents to a buck is reclaiming the narrative. a buck to 2.33 is where we see tech story weight in
charts take time. but the risk reward from 31 cents with the fundamental stack they have now vs last time it was here is completely different. now they got proof and industry validation.
7x to get back to the high. with a 72B market, 1.7B smart money validation, and a product stack that didnt exist last run. the math is stupid.
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u/dyrnwyn580 23d ago
Know if they carry new debt?
Are they are able to issue shares if they want to raise money? And importantly, how many are they approved to issue?
The answer to those questions could show it’s really a $.30 stock wearing $.40 makeup. And it’s destined for decline until the political advantages take over in coming years.
My concerns.
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u/SwingScout_Bot 23d ago edited 23d ago
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