Farmmi, Inc. (FAMI) Public Offering and Pre-Funded Warrants = Buy the DIP? SOUTHWEST ASIA B2B?
MARKET TIME = NASDAQ: $FAMI −0.30 = Another CCP China Stock that has falling apart time after time. Now today it has drop almost half the price it was last week which was a green week for the company. The company plan to do a public offering of 81million shares underwritten, the question how low can this company be? Selling Mushroom to China and other main food product. Right now China are having an issue with its food industry due to stir up prices which lead to its own inflation later on in the future. This stock is one of the most popular China penny stock right now and so far I believe the bear and bull are fighting to see who will become the best of the best trade.
this is a hint of what went on about Evergrande crisis or if China become red. This error or scam happen before in our time 1992 and this book explain it well "Shanghai" has been playing tricks ...
We can see the huge drop of the day and also it lead to the after-hour of a small percentage drop. I Will swing it due to be a penny and also being part of the China. Its risky going long with tons of shares of the unknown. Be caution here remember swing is the best way right now. If you can buy the dip I believe is a good time to do so not long but swing.
By looking at the market-cap and also the 1 year target, I will not go long here due to many China issue right now with America. 52- week high = 2.47 with a huge drop where it is now. 15,911 is the number being follow on stock-twits.
LAST SIGNAL:: STAY IN CASH
LEVEL:: SWING
About Farmmi, Inc.
"Farmmi is a company that processes and sells agricultural products in China and abroad; "
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