Monday, October 07, 2019 7:21:40 PM
Marathon is a software company (hot sector), which supplies POS interfacing software and marketing services.
Their CBD site is a pet project on the side, likely a bartered a distributorship deal to have their own CBD site on spec, nothing to judge the stock on. Low volume on a spec site (not Marathon's main business) is nothing to worry about. The Sept. 5 news on their website didn't move PDPR shares, that's okay, wouldn't expect it to. It's new marketing and software contracts that always moves the PDPR stock up.
Marathon puts out regular news, a good sign, their stock responds to it well, a great sign. The last big spike was May 15. If summer was slow, they may just be just drumming up new business with nothing in ink yet.
If you own it low, holding long for news on a company that pumps with news is smart. It'll jump. That's the proven Marathon fundamental since 2005. Why the stock's flat is easy: a little dilution, interested traders filled, everyone's waiting for news. Classic, no big deal. Daily volume's just the wind blowing. Soon as Marathon cuts a deal, they'll announce, always have, and away we go. Plenty of other "short play" stocks around in the meantime.
Good luck!
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