It's how I see things, so no thanks required.
And I note that amid the huge market sell off this morning, Stellar is still holding up fairly well all considered.
I've thrown technical analysis out the window with this one because of the extremes. However, I did note something interesting. On a yearly chart (and even 9, 6 and 3 month charts), the accumulation/distribution curve has remained fairly steady (a slight drop this week, of course), even though the share price took a beating. When the A/D curve can keep steady amidst a significant share price drop, I think that's fairly bullish.
Is it a matter of shorts covering, or new investors coming in, or maybe traders re-entering the trade? I don't know. But while all of the other momentum indicators are in the dog house...and it's very ugly right now...it seems like there is a lot of churning going on. Traders may be looking to get back in at a decent price for the next rally. It's very hard to say with the overall markets selling off right now. But wouldn't that make things even worse for Stellar? And yet it's not.
I don't think Stellar is a fraud; I never have. They've needed years to get the business going in earnest. They increased the size of their facility in a big way last year. It takes time and debt to move things ahead...and they've been paying it down and moving their operating costs less in the red year after year. What more do people expect? This is technical work and nature also needs to take its course. Their facility has a ~4 year lead over their closest competitor. In years past, they obtained a number of government grants. I think it's clear that they don't need grants anymore to make the company viable and, I believe in the near future, profitable.
I think traders and short sellers alike have made Stellar their new darling. If Stellar and/or their partners make a break-through, this nonsense is done.
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