Feb. 16 at 1:26 PM
$ATOM There are two things that I’m skeptical about regarding the conference call and Friday’s trading. I should disclose I’ve been long since late 2020, which has earned me the right to be skeptical. 1) Although the pledge to tie pay/bonuses to performance seems like a win for us lowly retail investors, sadly, my initial thought was, “Are they saying this only because they know everyone is calling for Scott’s head?”. In other words, a way to quiet the storm without having a true impact on the status quo. 2) I can’t see any scenario where the volume jumps 50x, on what the market perceives as positive news, and the price “only” goes up by 64% on this already-beaten-down stock, unless the ATM was being hit again.
Like I said, I’m long. I hold more shares now than I’ve held at any point in the last 5 years, but I’m calling it like I see it. I’m still trying to keep a level head and use all available information and my intuition. I hope I’m wrong about #1, and time will tell with #2.
