Branded Legacy Inc (BLEG)

[Rick_Sanchez]

Folks that are posting here day in and day out asking "what is going on with this stock", "why isn't it moving" clearly don't pay much attention to the market.

By last Friday, VATE had bottomed out at about .041 and yesterday morning I believe it peaked around .057 before coming back down to reality. People here whining and moaning as to why this stock doesn't just explode to the .10+ range are not rational.

For your average investor, capping 40% in 3 trading days is an absolute no brainer. Folks took profits yesterday, plain and simple.

VATE's 50day moving average is .0468, 100day is .053, and 200day is .0548.

Outside of the major dip from the middle of February to the middle of March '18, VATE has pretty regularly been traded between that band of .042 and .06.

Those that think this pattern should change without additional revenues and QB uplisting are shortsighted. Unless you are effectively day trading this stock, this company is a LONG term play. They don't make millions a quarter, they make tens of thousands a quarter. The company seems to have laid the foundation to be successful and hopefully those of us that are longs will see it pay off.

If you can't stomach the 40% day trading swings- either A) get out and find something else to plop your money into or B) stop looking at your brokerage account every day.