Posted On: 05/13/2014 2:22:00 PM
Post# of 56323
Guys just so you know this article had very little influence over the PPS. There are 3 more important factors taking place. 1. Chart play - we are stuck in a range. Here is the daily chart you can clearly see we are stuck in a range between .070 -.094 until licensing. As the days go by this range will shrink. My prediction (based off of the chart) is Bill will drop huge news somewhere between the last week of May and the first week of June. This will break us out of the range. http://stockcharts.com/h-sc/ui?s=FITX&p=D...&g=1...
2. R/S - We have no true idea as to what is really going on. But thru observation and understanding market psychology investors perceive that the r/s shares are what's slowly bringing us down. If you correlate the chart to days of r/s coming into the market you will see there is a correlation. Not saying that it's r/s shares or not, but perception is what drives the price. This type of selling is temporary and the market will correct itself. 3. The news Bill has already dropped is supporting the PPS. We are witnessing a more gradual decline in pps vs other times such as April! The news has brought in more investors and has encouraged current investors to buymore. In conclusion, if you have the funds to buy more FITX at these levels I think they are very cheap. The bottom of trendline 1 is .0703. If for some reason this does not hold we could drift to the .055 level. However, I do not see this breaking .07. Thanks and happy trading Peter Canellis
2. R/S - We have no true idea as to what is really going on. But thru observation and understanding market psychology investors perceive that the r/s shares are what's slowly bringing us down. If you correlate the chart to days of r/s coming into the market you will see there is a correlation. Not saying that it's r/s shares or not, but perception is what drives the price. This type of selling is temporary and the market will correct itself. 3. The news Bill has already dropped is supporting the PPS. We are witnessing a more gradual decline in pps vs other times such as April! The news has brought in more investors and has encouraged current investors to buymore. In conclusion, if you have the funds to buy more FITX at these levels I think they are very cheap. The bottom of trendline 1 is .0703. If for some reason this does not hold we could drift to the .055 level. However, I do not see this breaking .07. Thanks and happy trading Peter Canellis
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