(Total Views: 383)
Posted On: 12/20/2018 6:11:47 PM
Post# of 82686
It's funny you mention consolidation.
Here's food for thought... SFOR has been trading over $0.01 since March 08,2018ish. As far as I can tell, SFOR has not traded a single share below $0.01 from that day on. Up to yesterday, SFOR has traded 1.2ish BILLION shares (ALL OVER A PENNY).
Also considered with the 1.2 Billion traded are the long term investors holding shares (I alone hold 10's of millions of shares, as do many others) and the many other peeps that bought in at over $0.01 in the last two years (prior to March 08, 2018).
The "consolidation" has been amazing and many peeps continue to accumulate shares, shrinking the float even more. What does all this mean to me?
Just on the trading patern, we appear to be just about at the base (start) of the next trading channel (see the 3 year chart).
I will not try to predict PPS in the short or long term. All I am saying is there has been a strong trading patern based on the 3 year chart.
This ticker has been amazingly resiliant and not behaving like a typical penny stock.
I am looking forward to the near and long term future.
IMO.
GLTA
Here's food for thought... SFOR has been trading over $0.01 since March 08,2018ish. As far as I can tell, SFOR has not traded a single share below $0.01 from that day on. Up to yesterday, SFOR has traded 1.2ish BILLION shares (ALL OVER A PENNY).
Also considered with the 1.2 Billion traded are the long term investors holding shares (I alone hold 10's of millions of shares, as do many others) and the many other peeps that bought in at over $0.01 in the last two years (prior to March 08, 2018).
The "consolidation" has been amazing and many peeps continue to accumulate shares, shrinking the float even more. What does all this mean to me?
Just on the trading patern, we appear to be just about at the base (start) of the next trading channel (see the 3 year chart).
I will not try to predict PPS in the short or long term. All I am saying is there has been a strong trading patern based on the 3 year chart.
This ticker has been amazingly resiliant and not behaving like a typical penny stock.
I am looking forward to the near and long term future.
IMO.
GLTA
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