For those buying we should see a bounce to .0392 off the .0351 although with the selling pressure we may still see new lows this week or next week into the .0282 range.
I received hate mail when I posted today's "projected" lows 2 or 3 weeks ago but hopefully those who were doing the hate mail posting will realize that I am using technical analysis to project PPS and stop shooting the messenger. A quick note to flippers. I don't flip stock, it's just not my style and I don't have anything against those who do. I notice the "hate mail" is always the same people and logic tells me that there is only one reason that would occur. IMO, that is because they know I suggest retail buyers use GTC Limit orders targeting the bottom range of price action. This is because buying at the bottom of the trading range allows longs to maximize averaging down and for me personally is an accumulation strategy. This potentially eliminates some of the ability of flippers to make a few bucks off those who do not target PPS on trends and indicators, so I then become a target.
The RSI (Weekly) is currently at 37.71, look for a lower RSI on weekly to trigger retail buying.
Don't sell.....that's my opinion.
This is IMO, blatant manipulation but when there are approximately 2,500 million shares in the float, it becomes relatively easy to put pressure on the stock by those with very large block holdings who stand to gain the most when license is issued. This is not so much the work of day traders but again,the work of large block shareholders dumping to drive PPS down. No big surprise there. Unfortunately, this also means that these very shareholders are likely to have the ability to dump even more shares into the market prior to license just to manipulate PPS to new lows in the coming weeks. For me, I will hold and when possible, buy more shares. That's just me though and I am not suggesting anyone else to follow my strategy.
Keep this in mind. Fundamentally, nothing significant has really changed yet the PPS has very heavy selling pressure.
The silence is deafening, and very telling.......
All the above are my personal opinions. Always do your own due diligence and do not risk more than you are prepared to lose, I do not in any way suggest that anyone should buy, sell, hold stock based on my personal opinions at any time.
As always, your response is appreciated
I received hate mail when I posted today's "projected" lows 2 or 3 weeks ago but hopefully those who were doing the hate mail posting will realize that I am using technical analysis to project PPS and stop shooting the messenger. A quick note to flippers. I don't flip stock, it's just not my style and I don't have anything against those who do. I notice the "hate mail" is always the same people and logic tells me that there is only one reason that would occur. IMO, that is because they know I suggest retail buyers use GTC Limit orders targeting the bottom range of price action. This is because buying at the bottom of the trading range allows longs to maximize averaging down and for me personally is an accumulation strategy. This potentially eliminates some of the ability of flippers to make a few bucks off those who do not target PPS on trends and indicators, so I then become a target.
The RSI (Weekly) is currently at 37.71, look for a lower RSI on weekly to trigger retail buying.
Don't sell.....that's my opinion.
This is IMO, blatant manipulation but when there are approximately 2,500 million shares in the float, it becomes relatively easy to put pressure on the stock by those with very large block holdings who stand to gain the most when license is issued. This is not so much the work of day traders but again,the work of large block shareholders dumping to drive PPS down. No big surprise there. Unfortunately, this also means that these very shareholders are likely to have the ability to dump even more shares into the market prior to license just to manipulate PPS to new lows in the coming weeks. For me, I will hold and when possible, buy more shares. That's just me though and I am not suggesting anyone else to follow my strategy.
Keep this in mind. Fundamentally, nothing significant has really changed yet the PPS has very heavy selling pressure.
The silence is deafening, and very telling.......
All the above are my personal opinions. Always do your own due diligence and do not risk more than you are prepared to lose, I do not in any way suggest that anyone should buy, sell, hold stock based on my personal opinions at any time.
As always, your response is appreciated
