I also vote for Picon and thank you Neuronal for a
Post# of 56324
Posted On: 10/14/2014 2:11:13 PM
I also vote for Picon and thank you Neuronal for all you have done.
It's nice to see movement in positive territory and it's also nice to see the board members mood in positive territory. Lets all hope that the sawbones and insurance company Picon uses are invested in FITX, Go Picon, but seriously, I hope all is well with Picon, we miss him here.
The price action in recent weeks probably has a lot to do with the selling off of shares caused by the lack of movement by HC. The fundamentals of the company have not changed with the exception of what appears to be a combination of politics and a sudden realization that bylaws had somehow been overlooked (again, it's politics). There is no way to really predict the outcome with this group of politicians, they could kick the can down the road, vote in favor or against, who knows, but hopefully BC has been working diligently behind the scenes to make "happy" with the political arm benders. I guess we will find out more at the outcome of the next meeting. One thing is obvious though. The politicians made their point. Just ask any shareholder.
Support levels are developing although you have to ask who exactly is willing to dump shares at mid to high .03 range. The only obvious answer IMO is those who had received block shares initially issued at par pricing .001 because retail buyers (us) are not likely to dump large quantities of shares when we still think license may be on the horizon. There is a huge upside when you consider that huge quantities of shares when issued generally factor in cost and profits at par pricing so we may still see new lows if the political issues are not quickly resolved.
Retail buying patterns indicate .0339 - .0443 trading range developing with .0336 support (SMA20) on the Monthly chart. If any significant news occurs look to higher volume and breakout of the .0443 level but if not then look for PPS to test the SMA20 support level (Monthly chart).
It's nice to see movement in positive territory and it's also nice to see the board members mood in positive territory. Lets all hope that the sawbones and insurance company Picon uses are invested in FITX, Go Picon, but seriously, I hope all is well with Picon, we miss him here.
The price action in recent weeks probably has a lot to do with the selling off of shares caused by the lack of movement by HC. The fundamentals of the company have not changed with the exception of what appears to be a combination of politics and a sudden realization that bylaws had somehow been overlooked (again, it's politics). There is no way to really predict the outcome with this group of politicians, they could kick the can down the road, vote in favor or against, who knows, but hopefully BC has been working diligently behind the scenes to make "happy" with the political arm benders. I guess we will find out more at the outcome of the next meeting. One thing is obvious though. The politicians made their point. Just ask any shareholder.
Support levels are developing although you have to ask who exactly is willing to dump shares at mid to high .03 range. The only obvious answer IMO is those who had received block shares initially issued at par pricing .001 because retail buyers (us) are not likely to dump large quantities of shares when we still think license may be on the horizon. There is a huge upside when you consider that huge quantities of shares when issued generally factor in cost and profits at par pricing so we may still see new lows if the political issues are not quickly resolved.
Retail buying patterns indicate .0339 - .0443 trading range developing with .0336 support (SMA20) on the Monthly chart. If any significant news occurs look to higher volume and breakout of the .0443 level but if not then look for PPS to test the SMA20 support level (Monthly chart).
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