I think over time it will evolve into a true NASDA
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Posted On: 05/17/2019 8:22:19 AM
I think over time it will evolve into a true NASDAQ stock. By that I mean one that isn't day traded and doesn't have huge volume swings that day traders can take advantage of. I think that maybe just takes time, I would have to look at other OTC stocks that went to NASDAQ and see how their trading evolved. Even so that would be an apples to oranges comparison.
I do think time will eventually purge the day traders, especially if we start showing consistent quarterly growth (which it sounds like we will do amazing 40% growth quarter by quarter) and that should get the stock into a more normal trading pattern with more long term investors and analysts following it. Unfortunately, just going to NASDAQ didn't immediately purge all the day traders and their nonsense.
It is ashame as Maui noted, how it is still apparently being hyped on twitter the way that makes it look like an OTC day trader stock. I don't use twitter so haven't seen all that "promotion" by various people pumping the stock or whatever. All that should fade away in time too, but Maui's point is well taken that if someone does go on twitter, to be careful how they promote the stock so it looks professional and not like an OTC promotion.
I do think time will eventually purge the day traders, especially if we start showing consistent quarterly growth (which it sounds like we will do amazing 40% growth quarter by quarter) and that should get the stock into a more normal trading pattern with more long term investors and analysts following it. Unfortunately, just going to NASDAQ didn't immediately purge all the day traders and their nonsense.
It is ashame as Maui noted, how it is still apparently being hyped on twitter the way that makes it look like an OTC day trader stock. I don't use twitter so haven't seen all that "promotion" by various people pumping the stock or whatever. All that should fade away in time too, but Maui's point is well taken that if someone does go on twitter, to be careful how they promote the stock so it looks professional and not like an OTC promotion.
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