Yup. Plain ol fear, impatience, past history of pennies, plus other factors in the plus or nuetral column (auditeds are coming but that only satisfies true believers not the whole market). That doesnt even count the possible crazy negative factors like possible manipulation (likely at some level, whether isolated minimally or a full on assault is the debate question IMO).
Theres just too many ******perceived***** neutral or negative questions/circumstances at this point in the stocks present fundamental condition, as we enjoy a very large marketcap when you (idiotically) discount earnings growth and focus on present. And in every corner people seem to be getting worn down, or at the least selling to buy in lower.
Its clearly becoming a do or die rocketship scenario. Theres gonna be the one quarterly or piece of news that blows it all open, and until it does well keep doing what weve been doing.
Although IMO if there isnt mass naked shortingnhappening then maybe the chart is telling us the big reversal is imminent. There just cant be much further to fall (.01, really?) before it turns and runs somewhere. Whether its .03, .04, .05, or .10+ depends on the strength of the quarterly as well as if the auditeds come on time. If, once again, due to powers beyond our control, they get delayed its just one more perceived negative the cry foul can use.
MYEC has set the bar so insanely high with rev growth they need a BIG number at this point to sway the sentiment out there. I can see some psycholigical amount of growth like 50-100% not being enough because its a fraction of what theyve been getting, forgetting thats is freakin quarterly growth not annual. But to me as a long itd mean weve now bumped up to 10-15million in annua average profits when less than a year ago we just got going.
Its the Perfect Storm of our current historys culture of short sightedness. The stars have aligned to conspire against even many of the strong willed, cuz where I sit within a year from now its going to be the polar opposite.
