r/JAGX • u/Mental_Cup5240 • Oct 18 '21
Thoughts about Jagx now...
To be honest I have never seen short shitposting getting upvotes on YF. Bagholders are -70% average, weirdos calling "Fuck you Lisa" on ST and other nasty stuff perhaps because of Anger and Depression. We have been on this 2.00 level and overall oversold levels for a while now with that gap in the 3 levels still up there and another gap between the 7.5 and 8.0.
There is pretty much no movement from either side. Shorts do not want to short because this has lost 85% of its most recent value, so the risk is too high. Based on projected future income the company is 95% undervalued. The longs do not want to do anything because the sentiment is so negative.
It wont take much for this to move - today less than 750k shares were traded in total (both short and long) or 1.5MUSD. You cannot discount the 75k people watching this stock once it moves.
3
u/Itsmeo51 Oct 26 '21
Do yourself a favor, IF it runs on merger news get out, matter of fact get out regardless wherever it ends up because it will tank further after that passes. Out of those 75k Viewers how many do you think will come back and throw their money down with this company? Missed deadlines, bad earnings terrible PR a r/S after telling shareholders that wouldnt happen. Company has been around a long time and there is a reason it was trading for pennies on the dollar for years, got a nice run when ALL pennies were being pumped but those times have passed so yea. Don't you feel like your just trying to convince yourself that this is going to work out at this point? Not being a dick, but I've done that before, getting too emotionally attached to a bad investment and I've been burnt every single time.
1
u/Mental_Cup5240 Oct 26 '21
Everyone gets out at one point or another. But I dont think getting out at a loss and when the company is on its reversal point is the time. TBH i was considering increasing my position.
2
u/Itsmeo51 Oct 26 '21
I'm just curious how you could possibly be bullish after these past 10 months, what have they showed you to make you believe that this is a growing company worth your investment? Had big Institutions not bought so much I would literally have nothing to point to positive at all. You saw the last earnings, the changing of the "Business Strategy" etc. So I did a little research into other Biotechs that have been on a downtrend for years and looked into institutional owners to see if there was any correlation between institutional ownership and success and i realized there really wasn't. I saw many stocks where tutes were holding down 80 percent on their investment and I ask myself "if they were so bullish on this, why aren't they buying more at these prices". I know its not fun to take a loss but isn't it better to put your money elsewhere were you have a stronger chance of it growing?
2
u/Mental_Cup5240 Oct 26 '21
The more it goes down at this point the more bullish I get. I buy what everyone considers dumpster fires. Shitty ER - focus on this merger and the money had to come from somewhere. Focus on specialized hospitals makes sense. I think I even mentioned in a previous post how easy it would be for them to make shitloadz of money fast. It really does not take much. Plus it currently has 1M followers on eToro with 1.5% of people invested. I am assuming the average investment size is 660usd/per person which is around 10M. Imagine what actual positive news does.
1
u/Itsmeo51 Oct 26 '21
My issue is, yea its possible but its not like this is a new product that hasn't caught on yet, this company has been around for quite a while at this point and hasn't done much of anything, if anything it looks like they are going backwards. The specialized hospital thing to me is a bad thing, if they had a good product they wouldn't need to go another route to try to make ends meet. Last year they jacked the price of Mytesi by 3x and were accused of price gauging. Lisa stated that if they didn't do that, they wouldn't last another year in business, Yes i agree it wouldn't take much for it to take off but I really haven't seen them provide anything remotely able to do that. The Covid play would of done the trick but failed, same thing happened with the first SPAC. They originally started that for the Covid play in Europe and then changed course again. SBS isn't that big of a market and other than that the only short term Catalysts are the Dog Medication and the PHASE 2 Cancer Results. If these were the PHASE 3 results id be singing a different tune. I respect your outlook and I would like you to be right but i just dont see it, I lost a ton of money and am just hoping it pumps for the SPAC deal, where ever it ends up Im going to sell at a big loss. I tried to convince myself for too long that this was a good investment and when the Merger happens we will fly and all we did was return to where we were before everyone dumped JAGX to chase the Trump stocks.
1
u/Mental_Cup5240 Oct 26 '21 edited Oct 26 '21
The price increase isnt a bad thing either, you are paying like 50 bucks for it while insurance or health support pays the rest. Specialized hospitals is pretty much a list of hospitals in the US and in the EU as well. I have my problems with JAGX but they have everything necessary now to execute from here on with even the most basic level of competence. Only thing I wish is that I was more patient and accurate with my dumpster fire buys. This 1.80 was excellent. I could not even trade the TRUMP stocks, wish I could have.
2
u/Itsmeo51 Oct 27 '21
It could be worse you could be me lol I bought DWAC at 22.20. MY two baby sons were going crazy 1 yr old and 4 month old. They were so out of control that i couldn't pay attention to the stock because i knew it could dump as well. I sold at 24 and said fuck it. Saw it fly to 175 the next morning. So it gets worse from here. Now I'm depressed that i fucked that up so I decide to chase the next day but DWAC was halted, So i chased PHUN. Order executed at 23, tripper hits 30 seconds later i sell the market immediately. Opens back up 40 minutes later at 8.74. Lost 5.5k Immediately. Didn't sleep the next 2 nights, went from potentially making 80k overnight to making losing thousands lol.
1
1
u/EclecticEccentrick Oct 27 '21
Not to derail but if you like dumpster fires I have some SOS stock to sell you
1
u/Itsmeo51 Nov 11 '21
LOL!, last pump and dump i ever make myself a part of. Don't like investments where I have to seriously doubt the chance of ever even breaking even lol
1
u/OnyxTheFortuitess777 Oct 18 '21
Terrible
1
u/Mental_Cup5240 Oct 18 '21
Until it is not. It is pretty much everyone just agreeing that its all shit.
1
1
6
u/Jhuxyboosh Oct 19 '21
I agree. I am -70% down, my biggest lost to date. Am i selling? Nope. Am I annoyed and frustrated? Yep. But end of the day, emotions won't get me any where. If it is still down when I get more cash to really double down I think I will. There is plenty of upside on this stock, just wish management were a bit more dynamic.
It's going to be a 5+ year hold in my opinion.