monchichi
2 weeks ago
Iโm speaking purely about the ongoing pattern.
The company itself is doing great. They are following through on all their promises, hitting deadlines and doing the necessary things to attract investors. Their intentions are clear. Theyโve won me over a long time ago.
Question will always be are there going to be enough bulls to drive out the shorts and large volume selling to the lowest bidder to eventually send the stock up? Not artificially drive it up with 100 share lot buys. I mean where ACTUAL volume drives it up?
Last Friday admittedly I thought we were finally turning a corner, large volume , over a million shares traded until we hit .063โฆ..then the over 1,000,000 share dump back to .025 in less than 5 minutes. And since then, 4 red days in a row, with almost all 5 figure and 6 figure orders selling to the bid in the .03s or below and hardly any more than 100 share blocks selling to the upside.
In the 3 years Iโve held this stock, Iโve been hearing this is going to go parabolic SOON for a variety of reasons. Iโm still waiting.
The only sustained run weโve had was mid Jan/early Feb this year on NO news. Ever since PRS and tweets have been consistently dropping, weโve seen pretty much a majority red days. Doesnโt seem like a stock thatโs set to run to dollars as a lot of people are proclaiming. We canโt break .05 without a huge selloff.
The stock price over the last 3 or 4 months has been inflated by 30% on average. And I only say that because 90% of the volume comes in at 30% below whatever the high price of the day happens to be.
I am hoping this thing takes off. I have 435,000 reasons to hope. Its why I am still holding. Iโm just keeping it real. The shorts and sellers are outpacing the bulls by a large margin and it doesnโt appear that pattern will be changing even when the app launches. Not saying it CANโT or WONโT change, just saying nothing up to this point shows any signs that the APP launching will be the catalyst that sends it. I mean, we already know the app is coming and weโre still bleeding red majority of days.
Good luck to all (except shorts)
monchichi
3 months ago
Well, we just hit 02s. Freefall continues.
Sadly unless people stop filling every bid, we may be back to double zeros withinn2 weeks or less, which I wouldn't have imagined 3 weeks ago.
Verbally, people are clearly excited about the upcoming APP and website. Unfortunately, financially, people seem to be running away from this thing.