How high will it pop? Just my humble. long winded opinion based on watching the pinks and learning some tough lessons the last 6 years. First, this stock is a prime candidate for a run up because the last pump was as CCRY when those who got free shares from the original merger sold out. The insiders for the new ARTR still own half the shares and haven't sold out yet. We've bottomed out completely and anyone who would have sold is out at this point. A stock like this is a perfect run up candidate if they suddenly start giving us news. These companies that emerge from long quiet periods and have not yet had insiders sell or dilution are what traders in the pinks jump all over as these can run hard with lots of profits if you ride the "waves" correctly. Technically these stocks have very little resistance as most sellers are out and the ask can evaporate VERY quickly as more and more of the float gets eaten up.
I'm expecting quite a few of us "old-timers" will eat up the 2's and 3's prior to the court hearing at the end of October. I just reloaded some 2's and we have a fairly large bid now at .0002 for the first time in awhile. Any traders who get in early at the 2's to 4's are likely to unload in the .0009 to .0012 range just under the major technical resistance point where anyone who's been left holding will likely get out to break even. If (big if) the company follows through with some updates then we should see those short term traders and us "old-timers" who made some money on the run to .001 range start to re-invest our profits on the dip back to .0004 to .0005 range. IF this happens and the company keeps releasing news, then we should see another wave of volume that breaks us through the .0012 to .0014 resistance. That break will bring in serious trading groups and trading volume that should help us test the next resistance at .0025. If those traders buy back the dip at the .0014 pull back for another wave and the company keeps releasing news and promoting, then we could get another wave that goes up to .005 and possibly one final wave that gets us to the .01 range. Can't see it realistically going past a penny with the 2.5 billion float but there would be lots of pumpers saying it's going to the moon at that point.
That's ALOT of IFs, but anyone who's been in the pinks for awhile can tell you that that's the pattern that typically happens with these stocks that run from the trips to a penny. The whole process from bottom to top usually runs about 2-3 months with the smart trading groups selling the tops and then progressively eating up more and more of the tradeable float on each dip so that each run takes less volume to break out to new highs as the float dries up. Not saying this stock will be one of those magical trips to a penny rides, but management has a huge opportunity to make that happen here if they start releasing a flurry of news over 2-3 months and hire a really good promotion company with enough volume to attract the big trading groups.
I feel really confident that we will have our initial wave to test the .0009 to .0012 range by the end of the year. If the company starts releasing news then I plan to re-invest all profits on the pull back to .0004 to .0005. I plan to own even more shares for the next possible wave as that could be the crazy one with a "blue sky breakout" above .0014 that will bring in a huge amount of technical traders and the big trading groups. At that point its just a matter of how many traders are willing to re-invest profits to back each new surge until momentum finally runs out or the company decides its time to sell their shares and dilute. That's just my two cents and how I'm looking to play this based on past runners. I doubt the insiders will just let this die and let their shares become worthless, but you never can guarantee that people won't do idiotic things. Good luck to all and hopefully this gets moving finally.
