from anthr board ... stock will start trading at
Post# of 93
(Total Views: 399)
Posted On: 10/24/2019 6:50:55 PM
from anthr board ...
stock will start trading at a certain price, then continue making a slow and steady move up, establishing higher highs, and offering a few shares to buy at each level up....this is really the ideal trading pattern IMO.
I mean yes, there are stocks that start trading at say $ 1.00 or $2.00, they only have a tiny number of shares cleared for trading, they get 5K in volume and the next thing you know they are $6 - $10, those are fun too....lol....I've been in a few of them this year alone.
Overall though, long term, a slow steady climb is better. Absolute worst is when the trading starts way too high, then the selling shareholder/s have to keep lowering to try and find buyers.
As far as price predictions, were only 5 days trading so it's impossible to say. I know it has the share structure to go to multiple dollars, seen it many times, and it has no nefarious MM's on the ASK to impede it.
All going to depend on the seed investors(selling shareholders) and how many buyers come in. If institutional investors come in and buy a bunch shares on the public market at say .60 - .75 cents, then you can pretty much guarantee were going over $1.00 as their gonna make their money.
Only time will tell at this point, I like what I see so far but it's still very early.
stock will start trading at a certain price, then continue making a slow and steady move up, establishing higher highs, and offering a few shares to buy at each level up....this is really the ideal trading pattern IMO.
I mean yes, there are stocks that start trading at say $ 1.00 or $2.00, they only have a tiny number of shares cleared for trading, they get 5K in volume and the next thing you know they are $6 - $10, those are fun too....lol....I've been in a few of them this year alone.
Overall though, long term, a slow steady climb is better. Absolute worst is when the trading starts way too high, then the selling shareholder/s have to keep lowering to try and find buyers.
As far as price predictions, were only 5 days trading so it's impossible to say. I know it has the share structure to go to multiple dollars, seen it many times, and it has no nefarious MM's on the ASK to impede it.
All going to depend on the seed investors(selling shareholders) and how many buyers come in. If institutional investors come in and buy a bunch shares on the public market at say .60 - .75 cents, then you can pretty much guarantee were going over $1.00 as their gonna make their money.
Only time will tell at this point, I like what I see so far but it's still very early.
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