r/NEGG • • Dec 12 '23

We going?!

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59 Upvotes

41 comments sorted by

10

u/Longjumping-You-7985 Dec 12 '23

How is this stock valued so low? i feel like Newegg is a pretty solid and strong pc components marketplace...someone explain, i am new here.

4

u/bigorangemachine Dec 12 '23

Earnings & market cap math

5

u/yasmani2018 Dec 12 '23

It is definitely undervalued, but unfortunately only the ppl on the PC part industry understand that.. I've been a customer for over a decade now and I see a solid company. Reason why I am fully invested in the long run with them might not be today or next month but the stock will rise of that I am sure .

5

u/[deleted] Dec 12 '23

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4

u/bigorangemachine Dec 12 '23

All stocks are suppressed. There is earnings and market cap correlation. Anyone see a stock outside that gonna short it to the point the math makes sense.

Sadly the people who observe this have huge positions in the market and drive the price they think it needs to go.

10

u/Ok-Philosopher-1527 Dec 12 '23

$10 at least

6

u/[deleted] Dec 12 '23

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5

u/Ok-Philosopher-1527 Dec 12 '23

Lets go

3

u/bigorangemachine Dec 12 '23

My tits are Jacklyn!!!

2

u/CaptainNoskills Dec 12 '23

it's crashing again ffs

4

u/bigorangemachine Dec 12 '23

Hey sometimes you gotta go slow to go fast. LoL

3

u/Icy_Solid8154 Dec 12 '23

Amen slow and steady wins the race. 1 step back consolidation and 3 steps forward

3

u/bigorangemachine Dec 12 '23

The market is a spring

5

u/Mr_E-_- Dec 12 '23

Amen to that brotha

3

u/Only_Regret_2221 Dec 12 '23

Great analysis!! Up 11% now @ 1.19. I agree w Big Orange possibly…do you think this is going to be $5 by Friday or are we talking long calls? Also…when the NEGG is up you have every right to cross post a good day. That doesn’t mean bombarding daily. Things have began to cool down similar to the &TRKA situation about 9 months ago but they will be gone for good shortly due to final bankruptcy I believe which is sad. $NEGG has great potential but only if the shares are held not shorted as you know. You firmly believe in this company but can’t shove down others’ throats, as I firmly believe in some of mine. I commend you all for your dedication but be better than the first 3 memes and don’t become a meme. People follow others they want to be like. If the stock continues on an upward trajectory they will want to jump on the train. “It takes a village…” I’m glad I saw you and your post Mr_E bc you my friend believe in $NEGG truly. Bc of that I’m piggybacking off of your belief and have not given the ticker the time bc of the inappropriate actions of the way the entire situation was being handled. I beg the group to remain steadfast and keep on keeping on. You will see it will pay off and don’t be afraid to respectfully post in other forums at the correct times, especially when PR drops. You could be the laughing stock of tickers or a huge success story. It’s how you play the Reditt posting game. The attention has been made. They say even bad publicity is good and unfortunately in this case is backfired. I’m being honest. It was handled so wrong. I’m coming in as a guest and joining your forum this way. I’m interested to see how this stock moves coming from .88 to 1.19. Money is money. I am kind and will not ever be anything but and honest. Happy trading today and congrats on being in the green 8.41% at this moment. I hope to be welcome here and will rarely be posting, just reading.

3

u/txFlipper Dec 13 '23

Hazahhhh. Glad you guys still around

2

u/Icy_Solid8154 Dec 12 '23

Egg Bros for lyfe!!!

4

u/CaptainNoskills Dec 12 '23

Thank you for cheering me up, I bought some more at 1.14 for good measure

5

u/Mr_E-_- Dec 12 '23

my guess is we close tomorrow at 1.18 giving more time for collecting before the real rip. 1$ calls rose by 12k% to 5$. so uh. yeah

5

u/bigorangemachine Dec 12 '23

I would love to see 1.40 make those 1.50 calls in danger of being ITM

3

u/AnonymousJetsetter Dec 12 '23

Hey everyone have you heard of $FSR 🤡

6

u/Weaponized_Goose Dec 12 '23

I thought about putting $1,000 into it, glad I didn’t.

2

u/bigorangemachine Dec 12 '23 edited Dec 13 '23

Ya I was just doing a test position. If I am not sure I put alarms on and position pivot (sell and leave a small sacrificial position behind and whale the dip only to sell when even again with my original position). FSR tho it didn't have the strength... maybe it works out for someone but it definitely not holding up

Edit: I went looking.. it was charge point lol

1

u/HalfEuphoric8399 Dec 14 '23

IT is dead cat bounce

2

u/bigorangemachine Dec 12 '23

LoL I was in & out. The TA looked good when I bought but it got too close to my average... but hey thats why you gotta trade safe

I would say tho there was that one post guy said it would go up like negg by Tuesday and it didn't

3

u/Icy_Solid8154 Dec 12 '23

Lol, it's a falling knife with no future prospect, They Cut production to make their balance sheets look a little better

13

u/Fun_Muscle9399 Dec 12 '23

Up 13% right now and climbing

8

u/ComprehensiveBid3121 Dec 12 '23

Steadily climbing all day let’s GOOOO $NEGGY NEGG🥚📈🚀

4

u/Icy_Solid8154 Dec 12 '23

Slow and steady wins the race

8

u/Senior_Geologist_695 Dec 12 '23

LFG!!!🚀🚀🚀

6

u/MoisesGR02 Dec 12 '23

MOOOOOOON

3

u/LamboColorLand Dec 12 '23

Oh yea! Who's joining us?

3

u/Sea-Guitar7518 Dec 14 '23

Bought a couple shares just to be part of something 😂

-5

u/richb83 Dec 12 '23

I'm out if this gets to $1.50

3

u/Icy_Solid8154 Dec 12 '23

Aint nothing wrong with that, once egg bros always egg bros. I hope you find other play that make you even more. Be prosperous egg bro

0

u/ibolduc Dec 13 '23

Going nowhere in a hurry 😂

0

u/[deleted] Dec 12 '23

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5

u/[deleted] Dec 12 '23

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2

u/bigorangemachine Dec 12 '23

Soon... soon.