Thursday, September 29, 2016 2:48:17 PM
Here's the recent news
Vapor Group VPOR Reduces Amount of Convertible Debt 8/22
http://www.otcmarkets.com/stock/VPOR/news/Vapor-Group--Inc---VPOR--Reduces-Amount-of-Convertible-Debt?id=138960&b=y
Vapor Group VPOR enters into Merger LOI - 8/24
http://www.otcmarkets.com/stock/VPOR/news/Vapor-Group--Inc---VPOR--Enters-Into-Merger-Letter-of-Intent?id=139133&b=y
Vapor Group VPOR Releases Additional Information on Merger - 8/26
http://www.otcmarkets.com/stock/VPOR/news/Vapor-Group--Inc---VPOR--Releases-Additional-Information-on-Merger?id=139307&b=y
The SS was different when SPLI ran with under 500mil OS -- I remember it vividly because I got in as soon as it went over a penny, and even though this isn't technically set up the same with respect to SS, the move is almost identical. Yeah, we're not going anywhere near those highs, but I won't discount the possibilities of single digits depending on the float and fundamental aspects.
The accumulation factor that I've been pointing out for quite some time has proven to be valid according to recent price action, and there's real possibility that a good chunk of the float is locked up. Someone or a group of folks is finding whatever news that's coming our way worth investing hundreds of thousands of $ in, and I've been following their lead according to trades on L2. If the float is getting tighter, then we run into a supply and demand issue and any fundamental news is just a bonus at that point.
As I explained in previous posts, and right before the recent move that there's going to be consolidation with each leg, which traders know to consolidate at or near support levels is a good indicator for a move that has legs. Folks taking a look now are early to the table as we got a lot of ground to cover, so If you're looking to jump in, then look for any dips or similar consolidation along the way, and decide if you want in -- but word of advice... this is an emotional ticker with plenty of hecklers around, so, it goes without saying to use your own best judgement, and trade accordingly.
Good luck.
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