Wow, two separate news video drops in one day. I
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Posted On: 05/20/2020 10:04:35 PM
Wow, two separate news video drops in one day. I think it's fair to say that news of this Company's tech is spreading. The first to hear of NNLX outside of our little group here will understandably approach consideration of investing with a highly speculative mindset. Only a few will put us on their watch list and even fewer will actually attempt to buy shares. Those that do will be whittled down even further when their brokerage refuses to let them buy the stock. So I still expect to see choppy trading (where the BID/ASK spread is at 10% or more) for a while.
That being said, any whiff of interest by a large healthcare company will be enough to cause volume to spike (~40M) with commensurate rise in SP (>$3.00). The frustrating part is that we probably won't see it coming. We will likely have to endure days where volume will have relatively dried up again allowing naysayers and bashers to attack our conviction in our investment with SP manipulation. It will not be much of a struggle for our little group to endure, but many new investors will likely be shaken.
I think a lot of the increased volume is attributable to momentum traders who were attracted to the stock after their stock screeners detected the spike in volume and SP. They tend to move on quickly which may explain some if not most of the selling in the last couple days. Likely not the profit they were hoping for, but enough to move on for now. Hard to say if these news events will give them pause or not.
It'll be a few more days or weeks before we see the next significant move up in SP ($0.30?). I am my moniker, but my timing is horrendous.
That being said, any whiff of interest by a large healthcare company will be enough to cause volume to spike (~40M) with commensurate rise in SP (>$3.00). The frustrating part is that we probably won't see it coming. We will likely have to endure days where volume will have relatively dried up again allowing naysayers and bashers to attack our conviction in our investment with SP manipulation. It will not be much of a struggle for our little group to endure, but many new investors will likely be shaken.
I think a lot of the increased volume is attributable to momentum traders who were attracted to the stock after their stock screeners detected the spike in volume and SP. They tend to move on quickly which may explain some if not most of the selling in the last couple days. Likely not the profit they were hoping for, but enough to move on for now. Hard to say if these news events will give them pause or not.
It'll be a few more days or weeks before we see the next significant move up in SP ($0.30?). I am my moniker, but my timing is horrendous.
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(1)Nanologix Inc (NNLX) Stock Research Links
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