Wow, what a ride, from a penny to .11 and back dow
Post# of 56324
Posted On: 10/30/2014 10:54:23 AM
Wow, what a ride, from a penny to .11 and back down to .035! My question is who would be selling shares of a company that is on the verge of obtaining such a valuable license, pretty much like winning a lottery only much better odds because FITX already has 5 of the 6 numbers?
Most people know or should that Wallstreet really runs on fear and greed, that's a fact. They use financial numbers to exaggerate whatever their agenda is for the day! How many times do you see really good financial numbers, earnings, GDP, consumer sentiment and the market tanks or vice versa, bad numbers and the markets go up. They use terms like sell on the news, the markets is looking 12 months ahead and predicts the future, right, the markets are a prediction platform!
Back to FITX, the MM's have control of the share price, not enough outside volume to break their hold on the way the shares are trading thus the lower volume. They have slowly walked the price down knowing that the good news is still out a few days or weeks starting back around the middle of September and prior to that the end of May. They are frustrating and forcing people out of their shares so they can accumulate as many shares as possible and have them in hand when the good news hits. I know many, many people who own a substantial amount of FITX shares and none of them have sold any. I'm sure that most of you would say the same so the question is, who's selling shares. Sure the CEO may have sold a few but the majority of shares sold and the walk down in the share price has been the MM's period.
Once the license hits and the share price dictates a higher exchange it'll be nice to get away from these penny MM's. Don't get me wrong, although more difficult to do, they still manipulate share prices on higher exchanges.
The license in my opinion is a foregone conclusion and therefore the share price should be reflecting that and believe me it will. Hang in there and forget about the price where you bought shares or what the price is now. When the license is announced the current price will be a distant memory which I'm sure everyone on this board is aware of!
I feel that there is a very reasonable chance that some sort of license will come next week, ready to grow or maybe even a full grow/distribution license. Like my last post, not worried one bit, the MM's can run the share price where ever they want, still holding and will be rewarded in the very near future...............!
Everyone have a great day and god luck to all..............!
Most people know or should that Wallstreet really runs on fear and greed, that's a fact. They use financial numbers to exaggerate whatever their agenda is for the day! How many times do you see really good financial numbers, earnings, GDP, consumer sentiment and the market tanks or vice versa, bad numbers and the markets go up. They use terms like sell on the news, the markets is looking 12 months ahead and predicts the future, right, the markets are a prediction platform!
Back to FITX, the MM's have control of the share price, not enough outside volume to break their hold on the way the shares are trading thus the lower volume. They have slowly walked the price down knowing that the good news is still out a few days or weeks starting back around the middle of September and prior to that the end of May. They are frustrating and forcing people out of their shares so they can accumulate as many shares as possible and have them in hand when the good news hits. I know many, many people who own a substantial amount of FITX shares and none of them have sold any. I'm sure that most of you would say the same so the question is, who's selling shares. Sure the CEO may have sold a few but the majority of shares sold and the walk down in the share price has been the MM's period.
Once the license hits and the share price dictates a higher exchange it'll be nice to get away from these penny MM's. Don't get me wrong, although more difficult to do, they still manipulate share prices on higher exchanges.
The license in my opinion is a foregone conclusion and therefore the share price should be reflecting that and believe me it will. Hang in there and forget about the price where you bought shares or what the price is now. When the license is announced the current price will be a distant memory which I'm sure everyone on this board is aware of!
I feel that there is a very reasonable chance that some sort of license will come next week, ready to grow or maybe even a full grow/distribution license. Like my last post, not worried one bit, the MM's can run the share price where ever they want, still holding and will be rewarded in the very near future...............!
Everyone have a great day and god luck to all..............!
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