MMs trying to hold DSUS back were asleep at the op
Post# of 11107
Posted On: 08/07/2015 11:46:32 AM
MMs trying to hold DSUS back were asleep at the open and somebody trying to build up a position bought at .0245 (36% gap up) - various MMs immediately tried to build walls undercutting the ask at various levels below .02.
Yet again today, for the third day running, we see that just a few hits on the ask causes an uptick on relatively low volume.
As stated previously, I believe that the majority of people who only had a relatively small quantity of "old company" shares post r/s have now sold. That's what caused the drop below .02 > .012 initially by undercutting the ask but later by bidwhacking. When "longs" who can see the obvious potential for DSUS who want more shares, and new investors, hit the ask rather than bid whack, we see reasonable progress upwards on relatively low volume for 2 reasons:
- The very low float.
- A significant portion of the float is now in the hands of "longs" who are looking for at least .1>.2 before even considering putting any up for sale (just my opinion from interactions here and elsewhere).
Whilst the nonsense posted on iHub isn't going to persuade anyone who has done their own DD to sell now, we could do with an update from the company to attract "new" money. I will be writing to IR today suggesting that, despite the recent office move and numerous ongoing initiatives competing for their time, they really ought to think about another Conference Call to update on progress. There is a lot going on such as the development of the ability for their drones to land at a point and elevation other than that of departure (important for the pipeline / power line inspection market) and ongoing sales of instant revenue items produced by partners such as thermal IR cameras and LED powered strobes for drones and personal (survivor) use.
If you're new here, check out the DD in the stickies - in particular, take the time to listen to the Conference Call recording.
Continuing to watch every trade - onwards and upwards.
Yet again today, for the third day running, we see that just a few hits on the ask causes an uptick on relatively low volume.
As stated previously, I believe that the majority of people who only had a relatively small quantity of "old company" shares post r/s have now sold. That's what caused the drop below .02 > .012 initially by undercutting the ask but later by bidwhacking. When "longs" who can see the obvious potential for DSUS who want more shares, and new investors, hit the ask rather than bid whack, we see reasonable progress upwards on relatively low volume for 2 reasons:
- The very low float.
- A significant portion of the float is now in the hands of "longs" who are looking for at least .1>.2 before even considering putting any up for sale (just my opinion from interactions here and elsewhere).
Whilst the nonsense posted on iHub isn't going to persuade anyone who has done their own DD to sell now, we could do with an update from the company to attract "new" money. I will be writing to IR today suggesting that, despite the recent office move and numerous ongoing initiatives competing for their time, they really ought to think about another Conference Call to update on progress. There is a lot going on such as the development of the ability for their drones to land at a point and elevation other than that of departure (important for the pipeline / power line inspection market) and ongoing sales of instant revenue items produced by partners such as thermal IR cameras and LED powered strobes for drones and personal (survivor) use.
If you're new here, check out the DD in the stickies - in particular, take the time to listen to the Conference Call recording.
Continuing to watch every trade - onwards and upwards.
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"Per Ardua Ad Astra" - "Through Adversity To The Stars"
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.