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Friday, June 23, 2017 11:56:26 PM
Though I must say it seems so odd to hear this kind of analysis. It seems that the stock is just walking up and down on fairly low volume. It's hard to discern how much serious buying and selling is actually going on. If a hedge fund or major investor wanted to get a position, say, of 500,000 shares, that itself may cause the price to increase by 20% or more. If five investors wanted that kind of position, the stock might be trading at 40 cents a share.
So I don't get this analysis. There is currently just no demand for the stock because no one knows about it, really, and there are no deals on the table. Those two things could change instantly and within 24 to 72 hours the stock price could gap up to $1. Am I wrong? So. Just don't get this analysis. Most people who know about this stock and have been following developments are waiting for that to happen (and then some).
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