Golden Matrix Group Inc (GMGI)

[pyro2]

There will always be "flippers", they add liquidity to the market as well. Not a bad thing. However, the shares are just short term circulated. When people start holding on to their shares and the available shares dry up for flipping, traders are forced to pay a higher price to cause sellers to give up their shares.

As more buyers realize the company is worth more fundamentally, the price will continue to rise. I have heard comments from this board, "I am not selling till at least a penny" or " holding mine till .03 at least".

Buyers will be forced to raise prices to pry those shares from your tight grip :)

The "technical" picture is just a view of what is happening. You can gain insight from your charts, and improve your view. Short term indicators even drive a market. Self fulfilling. BUT, fundamentals remain the under lining force. IMO.

GMGI has very good fundamentals. Most pennies don't even have that in their vocabulary.