A November to remember. Over the last 10 days or s
Post# of 7769
Posted On: 11/07/2014 12:15:03 PM
A November to remember. Over the last 10 days or so the stock has been rather robust essentially going from .09 to almost hitting .15 cents an increase of approx 60%. The most impressive aspect of the move is during this rally over 90% of shares have gone off on the OFFER side indicating strong demand. I believe there has been over 4m to 4.5m trades at average price approx .11. The good news is that a lot of paper has been taken out. probably some .05 to .06 cent stock as well as Seaside. Seaside has a finite amount of stock 5m shares. I believe 60% was priced at about .06 to .07 and the rest at .08 to .10 approx. The MM's that they use appear to be BKRT BKHM AND BMAK. the good news is quite a few Seaside shares have now left. Simply a guess but I would think over 50% is gone in the last 2 weeks possibly more. The .05 to .06 cents seems to be very systematic as the most I have seen on the offer has been 80K shares and more often a small amout approx 25k on the offer. I also saw 50k on the bid today at .13 bought. We are getting thru quite a bit of paper the last 2 weeks. CLEARLY SOMEONE HAS HAD A MAJOR APPETITE AT THE OFFER THE LAST 10 DAYS A VERY HEALTHY SIGN.
In looking at the stock .09 to almost .15 we had a nice move of approx 60% and the RSI is about 65 at the higher end of the range. A red day allows it to breathe and is a healthy consolidation. Normally a 50% retracement to 60% retracement takes place so the mid ppoint would be approx .12 and we would still be in an uptrend. So dont fret the last 10 days we went up I believe 7 days and the stock is just taking a little well deserved break. I will not predict the pps as my pps projections have not been the best. However what I will say this is a far better stock at .10 to .14 then it was 7 months ago due to our dramatic revenue growth with our compounding business.
I ask of all of you do not play in the hands of the charlatans who try to instill fear and emotion into your decision making. Relax take a breath and think about why you bought in the 1st place and feel relieved when we see our report card in the very near future.
Stay confident and keep your eye on the ball and your emotions in check on both sides. I believe we have a very special and unique situation upon us and also believe the risk/reward predicated on the underlying fundamentals will reap enormous benefits down the road. I am looking forward to our 3rd quarter report and its only about a week away. I believe imho each and everyone of us will be proud to know what we own next week.
p.s. concerning Ironridge the most they can get if we lose is 1.6m shares that they will get at .10 cents a share. Who cares it is not a lot of $ in the grand scheme of things. 1 or 2 good volume days would take care of them IF they receive some shares. So lets relax with the sensationalism that is attached to these proclamations. Again A NOVEMBER TO REMEMBER.
In looking at the stock .09 to almost .15 we had a nice move of approx 60% and the RSI is about 65 at the higher end of the range. A red day allows it to breathe and is a healthy consolidation. Normally a 50% retracement to 60% retracement takes place so the mid ppoint would be approx .12 and we would still be in an uptrend. So dont fret the last 10 days we went up I believe 7 days and the stock is just taking a little well deserved break. I will not predict the pps as my pps projections have not been the best. However what I will say this is a far better stock at .10 to .14 then it was 7 months ago due to our dramatic revenue growth with our compounding business.
I ask of all of you do not play in the hands of the charlatans who try to instill fear and emotion into your decision making. Relax take a breath and think about why you bought in the 1st place and feel relieved when we see our report card in the very near future.
Stay confident and keep your eye on the ball and your emotions in check on both sides. I believe we have a very special and unique situation upon us and also believe the risk/reward predicated on the underlying fundamentals will reap enormous benefits down the road. I am looking forward to our 3rd quarter report and its only about a week away. I believe imho each and everyone of us will be proud to know what we own next week.
p.s. concerning Ironridge the most they can get if we lose is 1.6m shares that they will get at .10 cents a share. Who cares it is not a lot of $ in the grand scheme of things. 1 or 2 good volume days would take care of them IF they receive some shares. So lets relax with the sensationalism that is attached to these proclamations. Again A NOVEMBER TO REMEMBER.
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