wow - surprised at the selling today. wasnt expect
Post# of 22940
Posted On: 04/18/2016 3:13:42 PM
wow - surprised at the selling today. wasnt expecting any major pop from updates over the weekend but surprised buyers didnt step in earlier in the 20s. first time i have really looked at the market all day and was surprised to see orders at 21, 20, 19, and 18 hit. no 17s hit as of yet. put some more in at 15.
fundamentals havent changed since the highs other than OS misstatement. company is producing on a second production run, continues to progress with major suppliers (including Boeing which for me - is still aways away), looks to be closing in on financing tied to acquisition, and has launched a major distributor channel. in the meantime, price continues to fall.
several were waiting for it to hit mid to high teens so i doubt we will see much lower. however, those trading on technicals and day trading will continue to increase the volatility as every tick now becomes a significantly higher percentage gain than when it was in the 3s and 4s.
though i continue to increase my cost basis with every purchase (most of my shares were at 0.0003-0.0004) i still see a company that continues to execute and has a sound strategy for capitalizing on a niche, underserved market with the technical expertise and know how to bring it to fruition
fundamentals havent changed since the highs other than OS misstatement. company is producing on a second production run, continues to progress with major suppliers (including Boeing which for me - is still aways away), looks to be closing in on financing tied to acquisition, and has launched a major distributor channel. in the meantime, price continues to fall.
several were waiting for it to hit mid to high teens so i doubt we will see much lower. however, those trading on technicals and day trading will continue to increase the volatility as every tick now becomes a significantly higher percentage gain than when it was in the 3s and 4s.
though i continue to increase my cost basis with every purchase (most of my shares were at 0.0003-0.0004) i still see a company that continues to execute and has a sound strategy for capitalizing on a niche, underserved market with the technical expertise and know how to bring it to fruition
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