CJJD
Free float 2.9M; Somewhat close to being profitable; Chinese pharmacies stores; Has had huge runs and also has the capacity to fall fast; 11% IO
It’s a micro float that ran crazily for 2 days and has room for even higher run. If shorting, I must be exceptionally careful. The moment is starts basing, I must be out, no buts, no ifs.
Running on relaxing lock down rules in China and expectations of people getting sick more and buying more drugs. BS seems it to be.
Not short on cash as per the balance sheet; They have a shelf for up to $200M, but it doesn’t seem to be needed based on available cash, unless they want to pay total debt of 83M vs. current assets of 76M. Debt is becoming expensive. If they dilute even by 2M shares now, it would decrease the interest expense by around 500k/y (5% on 10M).
EH
Free float 37M; Chinese electrical flying cars; 21% IO; Losing 74M/quarter, 300M/year; 260M dilution in 2021; They did have 200M cash on the 30th Sep 2022; It has squeezed before, but it can crash down hard too, as seen on the daily.
Certification of its flying vehicles was expected around now, but then delayed due to covid restrictions in China. New date for the certification is set for Jan 2023, which is around the corner. Analysts (anal-ists) expect the share to go up significantly.
NCPL
Free float – 2.75M; IO 12%; Profitable operations! before interest expense. Nice gap above 4.56 Has ran before up to 33, with capacity to pull back fast. Minimal dilution in the past. It actually doesn’t look as crappy as other micros.
Running premarket (@ $3.5) on positive earnings with some minuscule numbers, 1.8M revenue/quarter.
It seems to be a healthy company with minimal dilution. I don’t know how to trade it if at all.
MGTA
A prime short candidate, diluting like crazy, fluffy news. Unfortunately, I caught it at 1.5 after going up to 1.96 at around 6:40am. I don’t think I would join the party unless it spikes at open.