The letter/8k in my opinion did very little. Lo
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Posted On: 09/14/2017 11:13:04 PM
The letter/8k in my opinion did very little.
Longs allready knee all the info. Strong hands were not selling and so the letter did not affect their position.
Flippers and players are gonna flip and play regardless so didn't affect their position.
A fee longs that had grown disheartened and were wavering were re-assured, and held. So in a way tbey were affected.
The letter was not designed to draw new interest to thevstock, and it didn't. Volume has shown that.
All the 8k did was re-affirm the company is on track, the leadership knows what they are doing, and it did probably achieve its primary purpose, which was stop the steady barrage of phone calls they were receiving, which were likely a distraction.
I wait for more substative news. So far I have heard nothing to change my mind or opiniom that I have had for a year now, which is hold for the long term.
Longs allready knee all the info. Strong hands were not selling and so the letter did not affect their position.
Flippers and players are gonna flip and play regardless so didn't affect their position.
A fee longs that had grown disheartened and were wavering were re-assured, and held. So in a way tbey were affected.
The letter was not designed to draw new interest to thevstock, and it didn't. Volume has shown that.
All the 8k did was re-affirm the company is on track, the leadership knows what they are doing, and it did probably achieve its primary purpose, which was stop the steady barrage of phone calls they were receiving, which were likely a distraction.
I wait for more substative news. So far I have heard nothing to change my mind or opiniom that I have had for a year now, which is hold for the long term.
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