Posted On: 07/23/2015 8:14:13 AM
Post# of 74805
Loud, very true and most longs have similar situations. Just remember, it's mostly traders now that are keeping the price down. Many have drawn lines which, once crossed will get them to practice "sell on news". They may have picked up a boat load of shares at much less than the current price. In order to unload those shares an make about the same nice high profit margin on them, they have to dump the shares only when there's a nice boost in buying interest, usually due to a PR release. If they get over zealous with their selling, then the price will slip too far down to maintain their profit margin as they chase lower and lower bids. They only stop selling when the bids in their target price range slow way down. The buying interest would go on much longer if the traders (even those flipping for much less at a time) were not still such a large group. We're very near the point where BIGGER money is going to invest in this company and this issue plaguing the stock price (sub penny to .32 in short period) will have exhausted itself. Should be like the perfect storm as audited financials, uplisting and obvious explosive growth all come together to spur another type of explosive growth: buying interest!!
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