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Can you draw comparisons to red bubble and this stock?

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Westsice

562 Posts.

27

02/02/21

20:43

Post #: 50652664
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Originally posted by OllieTwist: ↑

Not at these prices for much longer. DW8 is a coiled spring that will unwind eventually and there are substantially more fundamental factors asserting upward than downward pressure. Once the SP breaks out of the current channel, day traders will cease on the price momentum and push the SP up quickly. That will trigger medium-term focused investors to pay more attention to the story as it pops up on their radar as momentum begets momentum, etc. Most importantly fundamentals continue to improve with now over 350 producers onboard, we are approaching the launch of Market, and newsflow being positive and increasingly wider-reaching is spreading the word in the wine and investment industry. Contrary to some tech or biotech firms whose business model is difficult to understand, DW8's story is pretty straightforward to grasp. More so, rather than just trying to dominate an industry the mission of the firm is to release value in the industry and that social aspect has a feel-good element that will resonate with some. Those aspects imply a broader pickup by the wider investment community is more likely going to result in a bigger $ allocation vs. a hard to grasp concept stock's smaller $ allocation due to the perception of risk. People feel more comfortable allocating a lot and holding investments for longer if they believe they have a better understanding and thus more conviction in something. The substantial widening of the shareholder base since last year is proof of that and the continued buying support despite the options overhang demonstrates conviction in the story and upside potential. You don't come across that combination a lot and when you do better size your bet accordingly.

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Can you draw comparisons to red bubble and this stock?

DW8 Price at posting: 4.4¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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