I believe what we witnessed yesterday was "profit
Post# of 41413
Posted On: 03/06/2014 8:08:56 AM
Re: chartguy89 #2557
I believe what we witnessed yesterday was "profit taking."
Those "day traders" (who now really should be termed "hour" or "minute" traders) that got in early last week for under 2 cents saw a plateau forming at about .032, and so they decided to take their profit.
From .02 to .03 is a 50% increase............not bad for 1 week's worth of "work".
As we "longs" move into the future, just keep this in mind: about 3 weeks ago we were trading at just a tad above a penny - with fears of going "sub-penny". Today we are still at well over 2 cents - and with absolutely no substance - "nothing to hang our hats on" - coming from Baltia HQ.
Rest assured.....BLTA will continue to have ups and downs in its upward climb, but we will certainly be seeing 2 steps forward for every 1 step back.
Those "day traders" (who now really should be termed "hour" or "minute" traders) that got in early last week for under 2 cents saw a plateau forming at about .032, and so they decided to take their profit.
From .02 to .03 is a 50% increase............not bad for 1 week's worth of "work".
As we "longs" move into the future, just keep this in mind: about 3 weeks ago we were trading at just a tad above a penny - with fears of going "sub-penny". Today we are still at well over 2 cents - and with absolutely no substance - "nothing to hang our hats on" - coming from Baltia HQ.
Rest assured.....BLTA will continue to have ups and downs in its upward climb, but we will certainly be seeing 2 steps forward for every 1 step back.
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