Tuesday, April 25, 2017 4:49:50 AM
Going up or down depends on many factors; some of them are tangible (real numbers, 10-k, 8-k, PRs) and other are just wild intangible (also known as hype)
My wild guess:
These previous days may have been influenced by the hype created by the Monaco event. If anything happens with this thing, if there is any positive news or a Press Release, then the PPS would undoubtedly go up.
Previous days/weeks, when we got as low as $0.57, were caused by absence of any kind of news, which was used by traders to short OWCP at will.
Then, we had some good news and the PPS increased over 100% in less than 24 hours. Because of that, traders don't dare to short OWCP any more (or at least not as much as they were used to), in case they get caught again in a wild short squeeze. That's why (I think) now in low volume we are going shyly up, whereas we used to go down and down.
News are expected to be good (or no news at all in the worst case scenario), so no one wants to risk their moneys shorting OWCP right now.
I don't expect OWCP releasing any PR during the Monaco event days, but probably next week or later, when talks and agreements (if any) settle.
My bet? I would bet 1$ that OWCP is over $1.07. I don't see any reasons in the horizon that would drop the PPS of OWCP
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