Sarissa Resources Inc (SRSR)

[goldenbear]

I agree with some of what you say.

However, the stock rose to where it is right now on VERY low volume. There was no panic buying in the marketplace that drove the pps. A lot of the reason why it rose on such low volume is relative to the longs not being willing to sell at the current pps.

Based on the buying behavior in the past couple of weeks, I think that it is most likely that existing longs have been adding to their positions. Those longs have a cost basis higher than the current pps and are unlikely to sell at this level.

You're almost making this out to be like the stock has risen to some high price. Keep in mind, we are still less than a penny.....though hopefully higher soon.

The way I see it, longs are feeling calm and patient. A PR in the next couple of weeks would help, sure. But unlike most penny stocks, we have an asset that's actually worth waiting for. The problem over the years has been the people in charge.

With all that being said, if I don't hear something public within 2-3 months, I shall definitely question whether to continue holding shares myself.