$QCLS - "Bushido Trade" update- 2x Cash valuation Photonics CO, tiny float and high SI
I've been posting about my "Bushido Trade", aka a brutal binary trade where it goes bankrupt or gigasqueezes.
This has happened a few times.
We have seen SI recently as high as 120% of float, 20% si.
Today they just made some interesting announcements - https://ir.qctechnologies.com/news-events/press-releases/detail/88/qc-technologies-relocates-headquarters-to-san-francisco-in
-build out a 4,800-square-foot integrated photonics lab where we will ramp research and development of our optical chip
-"We are recruiting and have already hired specialized engineers in the region who come from companies including IGP Photonics, Neurophos and IonQ,” said Q/C Technologies board member Chelsea Voss.
I think the potential of this company compared to say Neurophos that landed $100M in funding is extremely underrated and with this high SI on the smaller pumps it has had it is prime for a squeeze sooner rather than later.
I have a position in this stock at the moment and i'm very bullish still, even moreso with hires from giga pumped companies like Ionq.
Neurophos, the only other company working on this specific problem (replacing NVDA GPU for AI) has approx. 300M valuation on their last raise which was oversubscribed.
Huge potential in this space and this is the only public co working on this specifically.