Posted On: 10/08/2014 1:02:06 PM
Post# of 56324
Thanks for the PMs and continued support. I am going to make comments that many will probably disagree with but here they are.
1. new lows will create incredible retail buying opportunities
2. The recent (last 3-4 weeks) of block selling indicate to me that license is anticipated to take longer than many shareholders might be thinking.
3. During this "pre-license" period we may see PRs detailing new JVs and possibly updates on audit/merger etc.,
4. Watch for RSI in the low to mid 30 range to trigger price action especially if license issues extend beyond the first quarter of 2015, volume will be relatively light as trading ranges tighten up except on days when non license related PRs are issued to stimulate retail buying and we will then see upper range short term trading. Not good for day traders but great for longs looking for retail buy opportunities. Personally I set GTC Limit buy orders to continue averaging down.
I do not in any way suggest that any share holder sell any shares then try to repurchase at a lower price as I think this is very high risk. This is a penny stock and as such is highly speculative. IMO it is far safer to hold existing shares while continue accumulating on dips.
1. new lows will create incredible retail buying opportunities
2. The recent (last 3-4 weeks) of block selling indicate to me that license is anticipated to take longer than many shareholders might be thinking.
3. During this "pre-license" period we may see PRs detailing new JVs and possibly updates on audit/merger etc.,
4. Watch for RSI in the low to mid 30 range to trigger price action especially if license issues extend beyond the first quarter of 2015, volume will be relatively light as trading ranges tighten up except on days when non license related PRs are issued to stimulate retail buying and we will then see upper range short term trading. Not good for day traders but great for longs looking for retail buy opportunities. Personally I set GTC Limit buy orders to continue averaging down.
I do not in any way suggest that any share holder sell any shares then try to repurchase at a lower price as I think this is very high risk. This is a penny stock and as such is highly speculative. IMO it is far safer to hold existing shares while continue accumulating on dips.
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