Great post Tombstone3821.....this sums up what I'v
Post# of 75359
Posted On: 01/29/2016 12:40:11 PM
Re: Tombstone3821 #17031
Great post Tombstone3821.....this sums up what I've been trying to say.....but you did it in a much better way! I believe the reason it has fallen this low is that most of the longs are tapped out ( some have even said so on this board ) AND there are many NEW investors here like myself that are waiting for the bottom.
The company diluted shares heavily over the past few months and longs were buying those shares.....when the money ran out, the pps kept dropping as the dilution continued.
Question is....are they done? The bid whacking hasn't stopped. The buying pressure still needs time to build IMO...and some very positive news in order to do so.....a lot of it.
The company diluted shares heavily over the past few months and longs were buying those shares.....when the money ran out, the pps kept dropping as the dilution continued.
Question is....are they done? The bid whacking hasn't stopped. The buying pressure still needs time to build IMO...and some very positive news in order to do so.....a lot of it.
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