Most people here are bullish but I don't think that's the case.
I think the market is pricing in share dilution or something along those lines.
Target price somewhere between $10 to $8 by EOY
- This company is saddled with debt and will not make it through if refined demand destruction from Covid continues.
- CEO is shady (most Tanker CEOs are really), often does interviews on minor YouTube channels with 2,000 views. Also buys derivatives expiring 6 months out on his own stock?
I think the market is pricing in share dilution or something along those lines.
Target price somewhere between $10 to $8 by EOY
Note
Price got hammered again down to $11.84, another bad day like tommorow shall unleash the floodgates of stopsNote
Lol there you go
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.