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Friday, October 14, 2016 2:17:01 PM
And Former trader, from your post at: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=125800888 you are absolutely correct on all of your points there and thanks for that input
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Formertraders post:
" In these types of stocks, the long quiet periods between updates and announcements, are times for active traders to manipulate stocks and make short term profits.
This stock is consistently playing in the .58 to .72 space and that is a 24% gain every time it does. With a little bit of push (with the low volumes we currently have) it is easy to push it down to the area of support where short term and long term buyers have to buy more and sell it when it gets to resistance.
One day, upon the right announcement, we will break .72 and both the longs, who recognize the breakout, and the shorts, who need to cover, will push this much higher.
I do believe that if you have the ability to hold on and not get concerned about the intraday movements, that between now and 2nd qtr of 2017, we will be very happy we stayed long!!! "
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HCIT
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