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Verplak85

11,250 Posts.

1373

10/03/21

14:56

Post #: 51662172
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Originally posted by kevin103: ↑

That is an interesting chart Verplak.

I did have a look at the same last week - and formed the following conclusions.

Nov 13th CR at 16c for only $10million
After 16c CR, we eventually dropped to a low of 12.5c around Xmas time late December 2020 and that was the bottom of the barrel price or about -22% below 16c CR - If IOU dropped the same amount it would equate to sp of 40c - but bear in mind IOU now is not the same IOU in Nov/Dec 2020. We have $55mil cash and a ton of short term news catalyst IMO
It took about 1.5 month after Nov 13th to reach the 12.5c low - this period saw a lack of news and price catalyst until sometime in January 2021, over 2 months later.
IOU has a massive rally on Feb 12th or exactly 3 months since Nov 13th CR at 16c. Will it take another 3 months for IOU to have another rally? I doubt it would take that long with so much on the horizon right now.
IOU is alot more advanced now on the cusp of BNPL launch, more partnerships to come, Apps to be going live soon and Indonesia developments should be near.

All IMO.

Expand

Yes it shouldn't take as long as before since we know what's in store for us. I'd say 2 months Maximum.

@61289439 It's quite obvious these guys are in a network of group traders working together. A coordinated effort.
IOU Price at posting: 47.0¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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