It is not surprising at all that some people would take profits on TheGlobe.com (TGLO) this morning.
On the evening of Sunday, September 11th, NIA said in an alert, "We have a feeling that TheGlobe.com (TGLO) is about to make an explosive breakout to $1+ over the next 6-8 weeks. We're 95% sure that a positive Final Investment Decision will be made by TGLO's parent company Delfin Midstream before year-end, but keep in mind that there's a lot we don't know including the exact share structure after Delfin Midstream merges into TGLO. We are not short-term traders, but you can probably enter it here at $0.27 and flip it to somebody else later this month at a price of $0.60-$0.80 per share. Delfin Midstream is likely to initially trade at a market cap of approximately $5 billion."
We always believed TGLO would initially hit $0.60-$0.80 per share this month before breaking out above $1 in October.
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. This message is meant for informational and educational purposes only and does not provide investment advice.