News Focus
News Focus
Followers 30
Posts 1658
Boards Moderated 0
Alias Born 05/05/2017

Re: liontrades post# 14319

Thursday, 09/07/2017 11:52:45 AM

Thursday, September 07, 2017 11:52:45 AM

Post# of 24221
There's nothing nonsensical or jocular about what I said. If this was as sure of a bet as the positive posts want everyone to believe, then it would have buying pressure instead of bid sitters. Why does volume dry up and the share price drip back to previous levels? Because many, like myself, are waiting for actual confirmation of something substantial.

Currently, we don't have a filing proving revenue. We don't have proof of a closed acquisition. We don't know the terms of the acquisition. That uncertainty is reflected in the lack of buying pressure. If those that are bullish on this were as bullish as they say they are, then they'd be hitting the ask instead of waiting for others to do it.

Seems like sound reasoning to me. Maybe an 8-K comes out and this thing soars. I don't rule out that possibility. All I am saying is, right now, all the positivity is just lip-service, as evidenced by the ticker's inability to muscle up beyond .003's with any conviction. Those holding at lower averages are asking new investors to hit the ask, but they, themselves, clearly aren't.

It still remains a gamble, not a guarantee. Let's treat it as such instead of setting lofty daily price targets before the egg has hatched.

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today