ai dashcams, the $10 million private placement news last night was bullish but it seems some people were scared off by the stock offering, massive volume and great price action today :DDDDD it was pure luck but it worked out buying back in instead of trimming my position to scale out, already had my cost basis out but i bought back in so i can keep myself under tension, enough in this shit to ruin myself when i could have had enough to become rich slowly with boglehead investing.
i'll scale out closer to $2 instead, 200 million market cap feels a bit more reasonable

great example of why knowledge is power!!!! price discovery is still possible, the majority of the market are still fucking IDIOTS including myself.
stock offerings dilute the stock, but if a company is doing a stock offering when they have a good balance sheet (no debt, no cashburn, management treats their shares like gold so no dilution in past 5 years either) then it's bullish as fuck, never mind that ai dashcams was just 40 cents a few months ago so this is cementing a new floor above $1. I think ppl generally panic when they see a stock offering, and that's true when a company is doing it just to pay their rent, but different context mean different things

they netted the $30 million Long Island contract while they were a ~80 million market cap, so I'm going to guess they really needed to get some more cash on the balance sheet before they can sign another $30 million market cap. But it really is starting to come to them so easily, they increased their financing too, now that they're a >100 million market cap, transits/trains are probably less scared about giving them $xx million contracts
A big TTC contract is probably next!!