Good theory, and you may be correct. The only thin
Post# of 75001
Posted On: 02/02/2016 2:19:03 PM
Re: adirondackhi #17206
Good theory, and you may be correct. The only thing I see here is a slow down by whomever was dumping. I believe when it dropped to .02, it scared them enough to stop long enough for the pps to raise and the Bid to recover a little....stop standing on the throat to let it breath.
I still believe the 52 week catalyst is in play here. It is still resetting....the first pop into this .02-.03 level was around the 10th of last year.....so if it can hold here and they begin to release news and numbers, who knows? But one thing is for sure.....existing investors have not been able to push it past the selling., I wouldn't call an 8% gain massive news yet...many new faces are needed here....whether you like it or not...
Once the new 52 week is established, if it can't hold that level, well....not good.
I still believe the 52 week catalyst is in play here. It is still resetting....the first pop into this .02-.03 level was around the 10th of last year.....so if it can hold here and they begin to release news and numbers, who knows? But one thing is for sure.....existing investors have not been able to push it past the selling., I wouldn't call an 8% gain massive news yet...many new faces are needed here....whether you like it or not...
Once the new 52 week is established, if it can't hold that level, well....not good.
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