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Posted On: 05/02/2018 10:35:54 AM
Post# of 32290
That is all correct, I've seen this on other OTC stocks hit by massive short selling after hitting a high. In any event, you have to be prepared for large swings in price, when a company is at this stage, even though the future looks very bright. The shorters will take advantage of any gain in the stock and work to bring it back down. In time as the company keeps announcing new sales and shows they are indeed bringing in consistent re-occurring revenue, it will be much harder for the shorts to do what they are doing now. It is a matter of being patient, if you believe what Rory says (and I do) it is just a matter of time before not only the two big deals (which already have happened) as well as many others, get out there, and of course once those quarters are reported they will show the reoccurring revenue. Until then it may be a bumpy ride, of course just like right now, opportunities are present to get some shares at a low price.
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