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Thursday, November 21, 2019 8:50:14 AM
My DD tells me there will be very nice gains in the near future. The business model is solid, the CEO's got the know-how and wherewithal to execute and achieve, and he's definitely got the right connections and resources to secure the product and financing.
The price-volume history and patterns shown on the chart tell me that the great majority of the float is being held for large gains, and that the stock trades very thin in the range from .0010 to .0035 (thus, the ease with which the manipulators have been able to bring it back down to .0012 on low volume with FUD), and so it will very easily (IMO) run right through that range and begin the larger run from .0035.
The historic price-trade action that I've witnessed over the past several months and most notably over the past 3 weeks tells me that one or more traders are using easily-recognized buy-sell tactics to create negative sentiment to manipulate the stock with low volume. This only works with relatively low volume, and the manipulators have to sell a significant number of their shares at the higher prices while continuously "applying pressure" to walk the stock price down lower, AND they have to actually get others to sell shares back to them at lower prices. Like I said, this has worked here, but in relatively low volume. The price will move back up just as easily on relatively low volume --- The great majority are holding their shares and did not get shaken out by the FUD that is being spread around, and the appearance of "a lot of sellers."
THIS is why I always suggest - just do your own DD and know what you own. Be diligent, but ignore the FUD mongering.
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