$SoundHound AI (SOUN.US)$ just the facts there used to be a ...
$SoundHound AI(SOUN.US$ just the facts there used to be a TV show called dragnet and the head actor would say just the facts. SoundHound on at least 12 occasions on national TV business channels and two analysts said that they're going to be cash flow positive by Q4 2023. their revenues were disappointment their losses were greater they did not earn a penny profit just the facts. they have no clear path to profitability they're projecting sometime maybe in 2025 they'll be cash flow positive. just the facts and the facts are they dropped the ball the facts are insiders sell on every rally the facts are this company is dead money for the next 12 to 16 months. just the facts.
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35+ yrs in the trenches, raised tens of millions for start ups, syndicate ipo's, yrs on trading desk mkt maker.
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witty Hippo_2041 : NVDA just own about 1m dollars in shares. It’s like nothing. I don’t understand why people are so crazy to chase
樂仔 Le_Zai witty Hippo_2041 : yea, somemore that purchase was done 7 years ago and they never add in anything else till this date
10baggerbamm OP witty Hippo_2041 : I understand people say well it's so expensive and I can get leverage in this cheap penny stock.. fox move up in percent not dollars it's just as easy for $100 stock to move up 10% as for a $1 stock to move up 10 cents that is a fact. secondly you can buy a leveraged ETF on Nvidia.. so for every $1 invidia stock moves up or down your leverage bull ETF moves up two times that amount..NVDU. that's the ticker symbol. it's important to understand that there's about a 1% fee from from the fun company that's built into the nav by buying and holding on an annualized basis.. the price of nvdu you can look it up is but a fraction of the common stock so you can get twice The leverage and if you're a bull and believe that AI is in its infancy like 1995 to where the com's grew to a 1999 before the crash there's a lot of upside over the coming few years.
10baggerbamm OP : just the fact people there's now 272 million shares in the float you have been diluted again. when this company went public a little over a year ago to today the floats up by over 150% and by the end of this year it will be over 350 million shares in the float. what that means is if the stock stays the same the price to revenue is going to be close to 50 times revenue it was 40 yesterday before the collapse so if the price stays here with more stock going to be issued it becomes more inexpensive company then less expensive Nvidia was trading at 38 times revenue at an all-time high who would you rather Bank on NVDA or this dead dog?
SpyderCall 10baggerbamm OP : Yea, I see this ticker as a meme stonk. It's definitely not a long-term hold. But for a momentum trader or swing trader, this is a great trade.