So....I am not expecting any earth shattering news from the .......
upcoming presentation on Wednesday in my opinion.However,I will make an opinion on the pps currently and what I think is happening.Without a doubt it was a buyer that took us up most of the way on last weeks run. We peeled back some and based for 2 days closing at 1.40 as you know.
Friday was a day for the shorts (retail and this is important) to run er down on average .25 cents for a low of 1.15.
Monday -today,we picked up from Friday's close and rose to the 1.33-35 area as some shorts threw in the towel today (for the time being) and some sideliners rebought again for the next run or added to existing position(s).
The most interesting thing is Friday we fell,on retail shorts mostly,and today we rose on retail buying mostly too.Light volume a million shares.This suggests to me,based on experience watching stocks trade for 25 years or so online,TMDI is in a wait and see pattern at these new areas 1.30-1.50 for the time being.There is zero desire for a investor type short fund to run us back down or they would of helped Friday when we were at 1.15 because there was an 1/2 hour or more left when we were at that level,or right out of the gate today on the open they could have started shorting from 1.20 area hard.IT did not happen as you saw.
That leaves us basing in this range,or rising on any news that is good.I am confident in what is happening and outlined the facts as to the last 2 days of TMDI trading..We shall make the 10 day compliance,but as to a rise from here to run up? Retail buying I feel can't do it alone to test 1.62 area without a buyer stepping in. Could it happen before or after the presentation? Possible.Is it needed? Not really as our goal is over 1.00 close for 3 more days.The rest is a gift pps wise....Jmho....
Thanks Roll
