re. my thoughts on several posts....
its been a few days since i have stopped by here...so i see there was a plethora of unread posts. In those few days i have been wondering many of the same things i see have actually been brought up on here recently.
Mainly, i was looking at the lack of volume. Take friday for example...its volume was 180k ... that equates to $$ 9,000 thats it??? for a company with the revenue numbers they show and growth rate... that is an INSANELY low amount of $$ being exchanged in the marketplace. Makes me wonder why the complete lack of interest.
As far as the spread in BxA ...i dont think that necessarily indicates shorts... its just the byproduct of being so thinly traded where a $100 transaction can move the stock 15% between the .051 and .059 BxA . it almost makes me want to 'whack the ask' for 50, 100 bucks worth every day at the close just to see that gain in my portfolio lol.
again...it doesnt make sense to me how little money is exchanging hands here.
Also, while it may be essentially flat from a year ago....its certainly made some big % moves...multiple times, both directions, over the course of the year. I refute the 'it never moves' claim.
I think the daily chart actually looks pretty healthy, in a big picture sense. It finally broke above .05 and ran to almost .08 ...then has been drifting back to its breakout point. And the way the daily is now set up... the .05 support also happens to converge with the rising 50ma which is currently .0503. So obviously needs to hold this major support area of a nickel. Upside vs downside volume looks healthy.... declining volume after its run towards .08 on the downside ...flushing out weaker hands.
Assuming the fundamentals are legit numbers.... you have fundamentals lining up perfectly with technicals.
Which begs the question....what gives??? The stock market is the most brilliant instrument in existence at sniffing out new possibilities and opportunities. You have to operate under the assumption that you will never be the first to have an idea, to be the first on board. So as it pertains to SCNA ... what gives?? Seems like we are the first ones having the idea... but we shouldnt be.
and this is my problem with the 10 BILLION shares. 10 BILLION. so rough math...10B / .05 = 500mil valuation . every 1/10th of a penny increase in share price adds 10 million to its valuation. just keep that in mind. which also ties into wondering why its so thinly traded. there is NO reason why a $100 transaction should be able to move its market cap by millions of dollars lol
just my random thoughts. ive always been more of a short term technical trader...but this one is supposed to be an actual investment... so im not too worried about the daily action....its all been short term noise so far from when ive dipped my toes in. i see no reason not to keep my bids in place for now at .05 or fractionally above/below
