Thursday, December 18, 2014 10:46:40 AM
Ignoring the "soon" factor here would make you blind to the opportunity.
News will be coming "soon". So suckers buy what flippers sell. The PPS retraces and the suckers think the PPS will drop and the flippers buy what the suckers sell.
It really is that simple.
Will I sell the day they put out the 43-101 news?
HELL NO! That would be foolish. If It wasn't for the "news soon" effect the PPS here would be in the .00's with next to no volume and not worth flipping.
Ignoring the effect of "news soon" would be a bad idea if you want a profit
Will I buy today as if the 43-101 was out.... no... that would be foolish as well.
When will the 43-101 be out?
From what I have heard it wont be until next year. So why would I buy during tax loss season when I "know" the news wont be out until next year?
A lot of people out there think a lot of different ways. Not all of them are willing to dump a crapload into a stock for 6 years of losses and just wait.
That is why the PPS didn't skyrocket with the 43-101 "soon" news.
The PPS will climb eventually. If it is OK with you I will profit while it happens. You don't have to. You can hold your red shares until they are green and I wont condemn you.
But the fact is until the PPS breaks and stays over the resistance WITH VOLUME the PPS wont go anywhere.
I am sitting pretty where we are right now. The PPS can bounce between .015 and .02 as long as it wants and I will be a happy camper
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