Yep, luckily I didn't fall into the "average down" trap, well, at least not beyond what funds I have set aside for "play" money. My gambling money if you will. It makes it a lot easier to be emotionally removed when you are using capital that you've already come to terms with losing. That said, it still does sting to gamble and lose but that is to be expected every now and then. I consider this much more entertaining and exponentially more educational than mind-numbingly pulling a lever over and over, hoping the sevens line up. I like the odds here much better...
That's enough rambling, I'll get to what I originally planned on posting. For me, for now, FPVD has been placed in the "que sera sera" category. Either something happens this year and the PPS recovers, or FPVD becomes my little tax write off come December to offset gains in other places. No point, for me anyways, in selling before then in a bad PPS situation.
These next few days will be very important in the future PPS IMO. There is usually relatively strong natural support at the .01 level but it'll have to handle the tag-team death match from the diluting MMs. The 10-q should be out soon for the period ending 4/30/16. Should this come out before it drops below .01, and if it shows at least a respectable amount of progress with the company as I believe it will, we should stay above .01 for good. A good looking, investor appealing 10-q might even reverse the trend... Though I fear anything less than a doubling of revenues over the last 10-q will merely cause sideways trading between .01 and .03 until some good news or catalyst. I think it will be harder for the 10-q to be detrimental to the PPS than it will for it to be neutral or positive. Harder, but of course, not impossible. My bet is on the sideways trading action until news or the next 10-q, which will be the first to show results of the LE50 HD Bodycam, which they rolled out at the end of April.
Now, that's all if the PPS can hold above .01 for the next few trading days until the 10-q. The last 3 were released on 3/15/16, 12/11/15, and 9/9/15. Logic would deduct that the next 10-q should be out sometime between today and next Wednesday. If we fall below .01 before then, that nice strong natural support turns into the big resistance bully. The sword cuts both ways, it usually has to work pretty hard for a few days to go sub-penny, but once you are there, it's a lot harder to climb back out... Today has been testing it pretty bad, here's to hoping can close above .01 every day between now and the 10-q.
So in a nutshell:
Above .01 PPS when 10-q is released = GOOD
Below .01 PPS when 10-q is released = NOT GOOD
I guess I could have put that at the top to save you all from reading my long winded post. At least I only come out of the woodwork every couple of weeks or so to throw out what's on my mind. What's on my mind is, of course, my own take on things based on what I feel is the most likely outcome of any given situation. Take it for what you will, I enjoy being amongst people who would rather have an intelligent conversation. The FPVD board may be one of the more quiet boards on iHub but something tells me that can be directly correlated to the high ratio of Intellects to Self Motivated Scammers...
