A lot of water to pass under the bridge and a whole lot of risk. It is trading off potential that was already there from a few weeks ago when the SP was in the 30's. It did a sprint to ~$2.25 and as noted by me higher up, it retraced significantly to where it sits now at $1.69... A 65c retrace.
My feel is that this will continue to slide, maybe not to 80c or 90c where I think would be reasonable but close to that figure. It was hyped off the map with some good news but a lot more is required in my opinion to see it really break through and cement itself.
Lots of potential if they get it right but that shouldn't be factored into the price to this level for my liking. Time will tell but I am confident that I will bite the pie again at a much lower figure.
Goodluck to all and DYOR.
Weebit - 2021and beyond, page-891
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