Posted On: 07/08/2014 2:40:53 PM
Post# of 56324
I have reviewed 2 companies that have received HC license and what is interesting is
(a) very low volume
(b) PPS at .11 and .14
If you extrapolate an averaged volume/PPS that puts FITX moving into the .79 range after license This is based upon a couple observations
1. FITX has significant market exposure
2. FITX has a well defined BOD
3. FITX is taking steps to uplist/JV/Acquisitions/audited Financials, etc.
4. The market will absorb the shares just coming into the market within a fairly short time frame as these shares coming into the market will drive PPS to new lows. There is no shortage of buyers standing by waiting to buy up these shares and the market will react quickly once the buyers initiate larger block purchasing.
5. The EMA200/SMA200 will be again be a bounce point for PPS
(a) very low volume
(b) PPS at .11 and .14
If you extrapolate an averaged volume/PPS that puts FITX moving into the .79 range after license This is based upon a couple observations
1. FITX has significant market exposure
2. FITX has a well defined BOD
3. FITX is taking steps to uplist/JV/Acquisitions/audited Financials, etc.
4. The market will absorb the shares just coming into the market within a fairly short time frame as these shares coming into the market will drive PPS to new lows. There is no shortage of buyers standing by waiting to buy up these shares and the market will react quickly once the buyers initiate larger block purchasing.
5. The EMA200/SMA200 will be again be a bounce point for PPS
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