Picon, I've expressed my feelings about that a few
Post# of 56324
Posted On: 11/14/2014 4:36:39 PM
Picon, I've expressed my feelings about that a few times in the past week, most recently today. I mentioned last week when we were talking about buying cheap shares that you would be laughing all the way to the bank in 5-10 days.
My feelings are this, FITX is obviously a speculative stock, however they are in what could become a very lucrative business and have been pro active in getting this off the ground. So even though it's very speculative they have what I consider a better than 50% chance at attaining a license which we all know is close to a lottery ticket.
The share price was above .05 for several months, maybe more than half a year so when the price dropped on the Lakeshore news the mm's took it down way farther than was warranted. There is no reason this shouldn't be above .03 or even .05 for that matter. The recent price action was a shakeout by the mm's and they probably got a lot of people to sell for a loss, that's what they're good at.
More so now than ever fear and greed run these markets and in the OTC world they take it to another extreme. There's still a little stink with all the Lakeshore stuff going on but I believe we'll be back into the .03's and 05's sooner than most believe and when that license hits, like I've said before, everyone will wish they had more shares.
I ask myself this, would I pay .05 for stock that has the potential for a 1000% upside move or lose most of it, in a heart beat! That's pretty much where were at, of course all in my humble opinion............!
Good luck to all and everyone have a great weekend, I know a lot of people are smiling and feeling a bit better after the last couple of days, expecting things to get even better next week.
My feelings are this, FITX is obviously a speculative stock, however they are in what could become a very lucrative business and have been pro active in getting this off the ground. So even though it's very speculative they have what I consider a better than 50% chance at attaining a license which we all know is close to a lottery ticket.
The share price was above .05 for several months, maybe more than half a year so when the price dropped on the Lakeshore news the mm's took it down way farther than was warranted. There is no reason this shouldn't be above .03 or even .05 for that matter. The recent price action was a shakeout by the mm's and they probably got a lot of people to sell for a loss, that's what they're good at.
More so now than ever fear and greed run these markets and in the OTC world they take it to another extreme. There's still a little stink with all the Lakeshore stuff going on but I believe we'll be back into the .03's and 05's sooner than most believe and when that license hits, like I've said before, everyone will wish they had more shares.
I ask myself this, would I pay .05 for stock that has the potential for a 1000% upside move or lose most of it, in a heart beat! That's pretty much where were at, of course all in my humble opinion............!
Good luck to all and everyone have a great weekend, I know a lot of people are smiling and feeling a bit better after the last couple of days, expecting things to get even better next week.
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