![]() In the press release, META co-founder and Chief Science Officer Themos Kallos provided an update which should encourage all stakeholders. And yes, this could be highly profitable for the company, but it also represents progress in the science of diabetes management. The larger goal is to commercialize META's glucoWISE Home Hub product. This technology combines radio-wave and optical sensors to improve accuracy in predicting changes in an individual's glucose levels. Reportedly, META (along with a number of partners) just completed a 27 month long project to develop a prototype for a non-invasive glucose sensor. It seems that there are endless potential applications for functional materials.Īnd now we'll add one more to the list, that could be a real lifesaver. That wasn't even a complete list, believe it or not. Materials for augmented-reality-enhanced eyewear: integrates optical elements for augmented reality with lens-casting technology. Ultra-light, thin and flexible materials for solar panels: trap light that would otherwise be reflected, while increasing absorption and Invisible antenna which enhanced indoor 5G and digital TV reception Transparent conductive film which provides de-icing and de-fogging for LiDAR-enhanced vehicles without blocking the camera/sensor functions Transparent sensors and 5G antennas: flexible materials that enable sensors on foldable phones Here's a quick sampling of META's product offerings: You might be surprised to learn about the broad array of possible applications for functional materials. If you're serious about investing in Meta Materials, then I recommend that you read through the investor presentation. (Meta Materials occasionally refers to itself as META, so we'll use the two names interchangeably). Regardless, if you purchased shares at the worst possible time, then I sincerely hope that you've learned from the experience.īut if you're just learning about TRCH/MMAT stock today, or hve been sitting on the sidelines, then you might have an opportunity to buy this stock at a relatively favorable price point. And certainly the company's high short float has drawn squeeze interest. Nevertheless, I suspect that Reddit users may have had an influence a little cursory Internet reconnaissance shows posts about the stock on various investing subreddits stretching back to the start of the year. I can't definitively prove that meme-stock traders were responsible for this spike-and-slide. TRCH/MMAT stock took a round trip from $3.64 on May 13 to $21.76 on June 21, before driving back down to $3.63 by July 16. This company serves as a textbook example. If your timing isn't perfect, you'll quickly lose money. TRCH stock offers a harsh but valuable lesson about buying during phases of market mania: chasing stocks after they've gone vertical is a difficult game to win. It's quite an adjustment to make, but no worries - I'll gladly guide you through it all. So investors need to factor in a new stock ticker, a radically different company and a wild pop-and-drop in the share price. However, that cycle of hype and disappointment has already come and gone. The meme-stock crowd apparently targeted TRCH stock prior to the merger, resulting in a massive price spike. Whereas Torchlight Energy Resources was an oil and gas exploration company operating out of Texas, Meta Materials develops functional materials and nanocomposites. It's a huge change that goes deeper than stock tickers. And as a result, TRCH stock was replaced by MMAT stock. That's the day the company merged with Metamaterials to form Meta Materials (NASDAQ: MMAT). June 28 was a significant day for anyone invested in Torchlight Energy Resources (NASDAQ: TRCH). Since the trend began with GameStop stock earlier this year, many short sellers have ditched their bearish bets on small- to mid-size companies.BY: David Moadel, InvestorPlace Contributor In the past, Reddit traders have targeted stocks with high short-interest rates in an effort to drive up the price and force short sellers to cover their positions at a loss, better known as a short squeeze. The stock has a 26% short-interest volume, according to data from Fintel.io. The Redditor bought about $2,000 worth of shares, according to a screenshot viewed by Insider. The Redditor, who has been trading for about a year, told Insider he "hopped on board" with the stock after seeing mentions on Reddit and a pre-market rally. Either way you hold another day you win," said one Redditor, with 5,000 "comment karma" points. "You can either make money on the squeeze, or make money if it crashes by absorbing the dividends. The words "dividend," "short," and "squeeze" were several of the top mentioned words about the stock on Reddit investing threads, HypeEquity data showed. On Wall Street Bets, retail traders touted the opportunity to make money off the stock from dividends and a short squeeze. ![]()
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