FITX -- PPS where its going and why. It's simple,
Post# of 56323
Posted On: 10/01/2014 7:17:26 PM
FITX -- PPS where its going and why. It's simple, for lack of any better description I am going with "Sleight of hand" to drive PPS down. Personally, I am completely unimpressed with the apparent inability that this "problem" was unforeseen and believe the problem was and is being orchestrated. Just my opinion here
First of all let me say that FITX, IMO will be successful in obtaining HC issued license and PPS will hit .79 or higher within 12 months or less after beginning operations as a MMPR licensed facility.
I posted several months ago (numerous times) that PPS was likely to take a significant drop prior to license.
I also recently posted (last week) that short term, bears are losing control and bulls will see PPS in the .07 range. This is still possible in that we can expect to see a moderate bounce from the recent .0412 low (Note that I also called the .0412 low for September in a post as a PPS test several months ago) A bump from the most recent low will be a result of retail buyers and at the SMA20 without significant news,.0580 resistance is probably going to be the high next week followed by a move back towards (prior to license) new lows in the .0310 -.0345 (lower) range. When this occurs high volume will then quickly drive PPS back up towards the .0802 (upper) range. Alternately, watch for RSI to get into the mid 30 to 40 range for increased volume. Note that block shares continue entering the market. Obviously, this creates buying opportunities.
I know many have jumped into the current issues based upon available information and have worked diligently to make that information available to the board. I am making this post to advise that I am personally setting GTC Limit Buy orders at or near projected lows and the above information are based upon my opinions only and are not to be used or depended upon by anyone at anytime to buy, sell, hold or otherwise act in any manner with regards to this or any other stock.
First of all let me say that FITX, IMO will be successful in obtaining HC issued license and PPS will hit .79 or higher within 12 months or less after beginning operations as a MMPR licensed facility.
I posted several months ago (numerous times) that PPS was likely to take a significant drop prior to license.
I also recently posted (last week) that short term, bears are losing control and bulls will see PPS in the .07 range. This is still possible in that we can expect to see a moderate bounce from the recent .0412 low (Note that I also called the .0412 low for September in a post as a PPS test several months ago) A bump from the most recent low will be a result of retail buyers and at the SMA20 without significant news,.0580 resistance is probably going to be the high next week followed by a move back towards (prior to license) new lows in the .0310 -.0345 (lower) range. When this occurs high volume will then quickly drive PPS back up towards the .0802 (upper) range. Alternately, watch for RSI to get into the mid 30 to 40 range for increased volume. Note that block shares continue entering the market. Obviously, this creates buying opportunities.
I know many have jumped into the current issues based upon available information and have worked diligently to make that information available to the board. I am making this post to advise that I am personally setting GTC Limit Buy orders at or near projected lows and the above information are based upon my opinions only and are not to be used or depended upon by anyone at anytime to buy, sell, hold or otherwise act in any manner with regards to this or any other stock.
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