Transcription
If you're holding PRFX, you are in danger. You're at that right, my friends. You are in danger. I am extremely bearish on this ticker above the $2.85 range. Anything above $285, you are in danger.
In today's video, we're going to discuss exactly where is PRFX heading and why this is a ticking time bomb. With that said, hit the thumbs up button because as always, this is going to be an unbiased no BS prediction. So, let's get cooking.
Now, when it comes to PRFX, guys, the first thing we want to analyze is going to be the why, right? Why is the ticker up freaking, you know, 100% on the day in the first place, right? Why do we talk about the why first? Because then we can go ahead and anticipate the longevity of the move. Hey, is it a move that's actually based off of a solid catalyst or is this just a hype move and it's going to be here today, gone tomorrow?
Well, in the case of PRX, guys, this is a ticker which is running based off of some form of news, right? They got accepted into Nvidia's connect program. Now, I want you to know something about this connect program, okay? This is a free program. This is not a partnership. This is not a freaking a this is in no shape or form a cosign. Now, I understand how excited people get when a small cap company partners up with a larger company. However, this is a filler PR. This is what we call a filler PR, which is just PR that you put out that sounds nice, but it doesn't really mean anything. It doesn't really mean much. So, for that reason, you know, we're going to go over here and we're going to rank the catalyst as okay. All right. Now, why is it okay? Because it still gets people excited. So, there's something to it, right? Okay.
Now, volatility is amazing. Of course, volatility is amazing, right? The company has a market cap of freaking five million bucks and they have a free float of less than two million shares. So very very volatile. Now the next thing which you want to look at is going to be institutional ownership, right? 1.1% institutional ownership. Horrible, terrible. Okay.
Now, next thing you want to look for is going to be we're going to anticipate and watch out for dilution. Hey, is this a company that's going to rug plus? Is this a company that's going to dilute? What's really going on here? Well, in the case of PRFX, guys, first thing we want to look at is going to be financial motivations, right? Does this company have the financial motivations to go ahead and dilute? Do they need the money right now? Let's go over here and let's look at the based off of their most recent SEC filings. These are their numbers. They have negative6 million in the bank and they have they're burning 4 million every quarter. What's this company going to do? They have no they have no money left. What are they going to do? Are they going to dilute or are they going to go ahead and they're going to say, "No, no, no. We're not going to dilute, guys. We're going to just go bankrupt." Which one would you rather want? Which one would bankruptcy or dilution? Spoiler alert, dilution. But guess what? Both of them hurt the stock. Both of them destroyed a ticker.
So for me, I think that this is a company that's actively diluting right now. Literally today, again, this is a this is speculation, right? And it's allegedly, right? But I think that they're going to be diluting literally today. I think that they're diluting. They're selling shares as we speak right now. Okay, how does selling shares affect the stock? Well, it makes the you know the stock market is simple supply and demand, right? Look at it's just slipping as I talk, right? It's supply and demand, right? As this if the if the supply is limited and the demand is increasing, the prices go up. Well, what happens if the supply is increasing? Well, and the demand is staying the same. Well, the prices go down, right? So, that's what they're doing. They're adding more supply. They're adding more shares. Adding more shares, adding more shares.
Now, if it did manage to break above this $340 levels, it would have been a lot more bullish. But unfortunately, it didn't manage to, you know, it didn't. As you guys can see, I have a freaking bell icon set over here. It didn't manage to. And now, we got to see if it's able to hold 250. Even if it's not able to hold 250, guys, I wouldn't be surprised if this bad boy is down at like two bucks by the end of this week. Okay, it really wouldn't it wouldn't really surprise me, right? With this with the price action that PRFX is used to.
Now, there's a great saying, right? It goes when in doubt, zoom. Also, that's so so financial motivation, they got financial, they're broke. All right? Historically, they've diluted a lot. Right? They're overhead supply is massive. I mean, come on. I mean, you can't, you know, there there's certain stocks that you just look at this and it broke freaking 250 as well. This is this is horrible, horrible, horrible, horrible, horrible.
Anyways, uh overall, it's a no-go. Okay. It's I mean, if it was ever a no-go, it's a no-go now, right? And um listen, if you guys are tired of losing money, okay, if you're tired of getting your ass whooped, nothing changes if nothing changes, okay? Seriously, you're going to get the same results if you keep doing the same thing. You're going to get the same results over and over again.
But I got good news for you guys right now. You can trade alongside me every single day. Get one-on-one access to me. You can ask me questions all the time in our Discord, okay? In our private Discord called Top Trader Academy is right now on a 50% sale. It is on a 50% sale for the next 10 members that join. We already have over 400 members coming back month after month. Let me tell you something. You're right to be skeptical. You should be skeptical. There's a lot of sketchy things going on in this industry. That's why we're the only community that offers a 7-day free trial and a 30 days money back guarantee. 7 days free trial, 30 days money back guarantee. Give it a shot, my man. Literally, this is literally Friday. 6x when I joined this Discord. My goal was reach in less than a month. Bang. This Discord is the by far the best. We have multiple mentors. The ultimate thank you goes to Top Academy. Join his discord. I appreciate $16,000 the past month. Top Academy is just give it a shot. 7 days free trial, 30 days money back guarantee right now. The next 10 members that join 50% discount. You can't go wrong. I'm telling you guys, man, you just cannot go wrong with this offer. Give it a shot. If you make money, come back. If you don't make money, pack your bags and leave. That's it. That's all I ask you. Right. It's common sense. It's um it's like I don't know. I don't I mean, common sense to me, right? It could be common it could be non-com sensical to someone else. And uh that's it.
All right. I wish you guys the best of luck, man. Well, with your trading of their life. And listen, for your sake, I freaking pray this goes up to a billion dollars. I do. All right? But unfortunately, that's not how things work, okay? You got to know what you're holding. You got to know the catalyst. You got to know the stock. And this stock is really bad. Really bad. Okay? Anyways, I appreciate you guys. Thank you for watching. your voice for