ANKR lost at Sea
This thing is bobbing up and down in deep waters -- an anchor without sail or motor, or apparently even a ship. If I were working at ANKR the truth is I would be peeved at the traders making hay, tossing me up and down like a cork. Not the choice for me anymore, but yes I have some $$ stuck in there (not at a loss, but not much of a gain). Some of us are Long, not by choice but by necessity. I guess you could play the trend as your friend and bob up and down along with the ANKR, your choice. But if the company were left alone, or perhaps listed on the NYSE and treated like a real stock, it would be a healthy investment. As it is, seas are tossing it around so that one wonders what it will look like in the morning.
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If this week proved anything, the true value of ANKR is 15 cents on the dollar. Are they hoping for a buyout?
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.