We're on day 3 of a rally, so that's a great sign for sure.
I have not looked at that site in a long time, but am not at all surprised by what Red says regarding attempts to put a negative spin on the 8K/A. That's all they can do obviously, but they are really reaching and it appears sentiment is very favorable so they are running out of ammunition.
You are right, in the past we've seen the stock hit the high for the day in the first half hour or so of trading, and then end up red for most of the day. So far for the 3rd day in the row we seem to be breaking that pattern, which is great to see. It is also great to see a positive reaction to news released and shows that on the right news, the stock has the potential to rise by quite a bit. How much is it up percentage-wise in 3 days off its low of 1.68? Well over 30% by my calculations! That is the kind of thing that can happen on the right news, with a stock that still is not well known and very much under the radar as far as Wall Street is concerned.
I have not looked at that site in a long time, but am not at all surprised by what Red says regarding attempts to put a negative spin on the 8K/A. That's all they can do obviously, but they are really reaching and it appears sentiment is very favorable so they are running out of ammunition.
You are right, in the past we've seen the stock hit the high for the day in the first half hour or so of trading, and then end up red for most of the day. So far for the 3rd day in the row we seem to be breaking that pattern, which is great to see. It is also great to see a positive reaction to news released and shows that on the right news, the stock has the potential to rise by quite a bit. How much is it up percentage-wise in 3 days off its low of 1.68? Well over 30% by my calculations! That is the kind of thing that can happen on the right news, with a stock that still is not well known and very much under the radar as far as Wall Street is concerned.
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