My thoughts are, by end of day, we could see eithe
Post# of 41414
Posted On: 10/13/2014 12:27:30 PM
My thoughts are, by end of day, we could see either one of the following:
A. A run up to just over .02, as investors get antsy because they missed out on the morning buying frenzy and thought the stock would drop back down.....but it didn't......and they don't want to lose out when tomorrow it runs above .02, or
B. A run down to just about .018 as those who bought in this morning have lost confidence in BLTA (again) and are thinking they should get out and take their profits before the stock drops too low (as it has so many times in the past).
Now, my logic runs with group "A", as I truly believe the newsworthy items are going to start flowing, but my thoughts lie with group "B" because most of the buying this morning was probably done by many sitting on the fence......the lilly livered ones.....who waited this long to muster up the guts and can't hold out for more than a day.
Unfortunately, I'm thinking Baltia's past history as well as BLTA's past performance will move us towards option B.
A. A run up to just over .02, as investors get antsy because they missed out on the morning buying frenzy and thought the stock would drop back down.....but it didn't......and they don't want to lose out when tomorrow it runs above .02, or
B. A run down to just about .018 as those who bought in this morning have lost confidence in BLTA (again) and are thinking they should get out and take their profits before the stock drops too low (as it has so many times in the past).
Now, my logic runs with group "A", as I truly believe the newsworthy items are going to start flowing, but my thoughts lie with group "B" because most of the buying this morning was probably done by many sitting on the fence......the lilly livered ones.....who waited this long to muster up the guts and can't hold out for more than a day.
Unfortunately, I'm thinking Baltia's past history as well as BLTA's past performance will move us towards option B.
(0)
(0)