(Total Views: 309)
Posted On: 09/13/2017 11:54:50 AM
Post# of 75040
I think you're reading to much into the trading action. The small mickey mouse trades being made to support the .036 price point won't work on larger volume action unless there is significant news. this is clearly evidenced by the average volume over the last several months.
May daily average: 2,577,719
June daily average: 2,291,265
July daily average: 2,516.713
Aug daily average: 3,470,730
Sept daily average: 1,372,793
During this time there has been a steady erosion of the pps. Most of the large trading days resulted in a down day. What we are seeing is a slow sell off with traders picking up shares at what they perceive to be the bottom. The financials coming on Sept. 30 will have further negative impact only to be followed on Nov. 15 with the 1st quarter results that will likely be dismal.
I fully expect to see .002's and am planning my trading strategy accordingly. We should see .08's by year's end making large volume .02's purchases a nice 4 bagger Christmas present.
I am hopeful that Gerry and Kevin can salvage this company as I hold 4M "free shares" from my previous 20 or so trades.
May daily average: 2,577,719
June daily average: 2,291,265
July daily average: 2,516.713
Aug daily average: 3,470,730
Sept daily average: 1,372,793
During this time there has been a steady erosion of the pps. Most of the large trading days resulted in a down day. What we are seeing is a slow sell off with traders picking up shares at what they perceive to be the bottom. The financials coming on Sept. 30 will have further negative impact only to be followed on Nov. 15 with the 1st quarter results that will likely be dismal.
I fully expect to see .002's and am planning my trading strategy accordingly. We should see .08's by year's end making large volume .02's purchases a nice 4 bagger Christmas present.
I am hopeful that Gerry and Kevin can salvage this company as I hold 4M "free shares" from my previous 20 or so trades.
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