Thursday, February 25, 2021 5:45:12 PM
I also agree that the shares under $5.00 sitting on the ask are prime for picking. Resistance at 5, but if we can get past that - wide open. I have a long term outlook on the company. I plan on holding for some time. I want to see the cannabis breathalyzer brought to market. I want to see Lifeloc continuously report new contracts - sales to existing customers, and new. I want to see them integrate the RADAR System with the marijuana breathalyzer. I want to see the stock price rise to the point that they can do a stock split to increase liquidity and meet the requirements to up list to the NASDAQ. Maybe they can even couple a stock offering with the up list, which I would go for to help pay the fees associated with listing on the NASDAQ exchange. I want to see them continue to expand, and hire more employees. (As a special note here - they have had three job postings for warehouse/material handler positions in the past month - this is important for the following reason... When you are researching and developing a product, you need to hire scientists, engineers, and technicians. But, when you are getting ready to ramp up production of a product, you need to hire material handlers - the people that pull parts for the production line and move finished products. You need to hire warehouse personnel to inventory parts, and process finished goods for shipping). A nice "icing on the cake" would be the need for production workers and sales.
This stock is still only slightly off their multi-year lows. The potential here is great, but if you invest in this company, you have to be willing to put up with days of zero volume trades. You have to be mentally able to watch swings of 40% up or down in a single day on low volume. If you can do this, I believe the reward will be great once the momentum begins. Once that happens, you probably won't be able to purchase this stock at the ask. I witnessed this in 2017 when I tried to add to my position. I would put a limit order in at the ask, only to see it swiped out underneath me, and I'd .have to raise my limit order, only to not get it filled again.
Tell your friends and relatives about this little gem, I have. Their shares are locked up in IRA's - none of them even have online brokers, they purchased through traditional means - no stop losses... they could care less about daily price swings. I held a significant position through what I believe was the worst of it - and added all along. My shares are locked up until new all time highs.
This is all my opinion. Best of luck everyone...!
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