Dec. 5 at 1:12 AM
$SKYT Wow! I can't believe my timing. This never happens!!
In a thread about the S-3 being withdrawn, I posted that I was targeting somewhere between
$16 -
$18 to sell. Then I would wait until after the smoke clears from an offering to by the dip.
Here we are at
$18.29, a little above my target, and they just filed a new S-3ASR for a new shelf offering.
In case you don't know, a regular S-3 has to be filed then approved by the SEC to be effective. So, there is some time between the filing and the effectiveness, assuming it's approved.
A S-3ASR is for seasoned filers and is automatically effective upon filing. So, the new shelf has been files and is now effective at the same time.
We'll see how, or if, the market responds to this. If there is a decent pullback and I can buy back in lower, this will be the one idea that actually worked as planned.
