just saw NITE throw up 3.7MM at 18 and also heavy
Post# of 22940
Posted On: 04/18/2016 3:36:11 PM
just saw NITE throw up 3.7MM at 18 and also heavy on the BID at 16. im sure we will see very significant shorting today on the FINRA #s. there will be a snap back but unfortunately, the larger the volume at these levels - the lower the upper resistance will be when we do.
two things I would like to see Bill address and over Twitter is fine ( i dont need a formal PR):
1. status/new timeframe for acquisition closing (which the hong Kong financing is intricately tied to)
2. update on 2016 revenue guidance. business plan called for $4-5MM on year one once production started and that officially started in late 2015. obviously this is tied to acquisitions but something specific such as "year one guidance still remains on target" or "due to delays in closing acquisition - full year 2016 looks to be closer to X range and 2017 now should be in the Y range". obviously it is somewhat of a crap shoot when it is so tied to the acquisitions and getting the doors opened for their products through the already opened doors but it would provide significant leverage for long term holders to continue to buy and not "wait" for a bottom. that allows more aggressive shorting and covering knocking the price down further and making it more difficult to rise /break through the churning from the day traders
two things I would like to see Bill address and over Twitter is fine ( i dont need a formal PR):
1. status/new timeframe for acquisition closing (which the hong Kong financing is intricately tied to)
2. update on 2016 revenue guidance. business plan called for $4-5MM on year one once production started and that officially started in late 2015. obviously this is tied to acquisitions but something specific such as "year one guidance still remains on target" or "due to delays in closing acquisition - full year 2016 looks to be closer to X range and 2017 now should be in the Y range". obviously it is somewhat of a crap shoot when it is so tied to the acquisitions and getting the doors opened for their products through the already opened doors but it would provide significant leverage for long term holders to continue to buy and not "wait" for a bottom. that allows more aggressive shorting and covering knocking the price down further and making it more difficult to rise /break through the churning from the day traders
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