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Re: Trendliner post# 121628

Sunday, 05/29/2016 5:27:07 AM

Sunday, May 29, 2016 5:27:07 AM

Post# of 146212
I'm afraid my view of the probability of a material bullish event occurring within 3 and 6 months isn't a very enlightened one. Except when asked stuff like "Will the sun come up tomorrow?" or something equally predictable I usually go with 50/50. Who knows what the future holds?
In this case we know what the past has shown and it has shown it quite clearly...there have been very few, if any, points in the past when someone asked to do what you're asking me to do would have been wrong if they guessed a zero percent likelihood. The one that stands out in my memory that could have been predicted was the company's entry into the Russell 2000...the market cap at the time strongly suggested the possibility. No such event is likely at this point. I don't have the technical skills required, from a purely scientific standpoint, to evaluate the likelihood of price moving news coming out of the current tests.
With that as my knowledge base I'd say the chances of a material bullish event occurring within in 3 and 6 months to be somewhere between zero and 50/50.

Obviously from a scientific standpoint I don't come close to meeting this standard: "a very disciplined analyst who is able to synthesize public information better than virtually any fundamental analyst". I think that may be what you're looking for with this question and you need to keep looking. I'm not offering any real analysis here, just an awareness of the history of the kind of news that the market can really sink its teeth into and there's been little of that of a positive nature here (ever)....but that shouldn't be a revelation and no invoice will follow :o)

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