PhoenixBee

$BURU Short interest decreased significantly (~31% drop) in the second half of June. This suggests some shorts covered positions following the recent news flow (equity milestone, Golden Power filing, etc.).

🚨 BREAKING: A Boeing 737-400 freighter has gone missing in the Indian Ocean, just past the Gulf of Oman, after taking off from the UAE Flight tracking data shows an EXTREMELY rapid descent, dropping approximately 35,000 feet in less than 2 minutes, before disappearing from radar entirely. Pray for the souls on board. A search and rescue operation has been launched. It's not currently known what would have brought down the plane. The K2 Airways cargo plane (AP-BOI) was reportedly en route to Karachi, Pakistan.

JUST IN: Study reveals 60% of TikTok videos are "AI slop"

$PL now almost down 50% after announcing a (at that time) 10% atm. On a short-term technical level, the announcement was awfully chosen. Together with the capital outflow to SpaceX, algo’s put their sights on Planet to pull the stock down. But we have been at these levels before not even 3 months ago and as I explained in my deep-dive, the fundamentals and projects of Planet have never been stronger. It’s no time to panic here, look at how long IREN took to get back to normal levels after their ATM. The market is scared of the word and this brings opportunities imo. When I bought Planet at $4, the stock was down 35% one month later. Drawbacks happen with these high volatility stocks. Am I loading more at the moment? Not yet, I can afford to be really patient here. I’m in the stock since $4 and Planet has grown to my highest allocation, portfoliowise it would not be a great decision make my allocation even higher. If the market punishes Planet even more, I’m sure that I’ll concentrate my portfolio even more around $PL.