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Tuesday, March 15, 2016 10:27:36 PM
There is a lot of reason to be far more confident in this recent jump than some of the others we have seen in the past. The buying blocks we have have seen recently say it all.
We're hanging right now just below the $1 as I expected yesterday, but no reason to assume it will drop like a stone this time. The traders are outmatched this time by some big guns bringing in the stability this stock needs (thx to the recent IR partnership I suspect)
We're all waiting for a large jump,even thought personally with some trepidation about a "sell the news reaction" as brought up someone else recently, or potentially a non-event reaction. Yet, I'm not worried about any big pullback, and I feel there's a good chance for the opposite. I am not counting on anything however, and prepared for either - a 10% drop or 50% jump. The upside is clearly better than the downside risk in this case.
So we'll see what the rest of the week will bring and wishing everyone the best.
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