We had some overreacting happening after hitting $2 last week. MMs made sure after some profit taking took place, they used the short term weakness to do 3 or 4 bear raids, taking out stop losses and causing more weakness in the share price with the sudden drop in prices. They followed that up with 2 gap down opens causing more weakness and seeing more locking up of profits by early sub dime holders, in my opinion, by the heavy early selling on those days, dropping the price by an easy 20-25% before recovering a bit then floundering the rest of the day. As I expected, we saw some serious buyers step in Friday afternoon when we touched the .80s and as peeps realized that the reversal was beginning, we were back challenging $1 in no time flat. We breached the dollar mark and closed near the high of day. It's obvious sellers and profit takers dried up and those here, are now going long. We should see a solid green week as many scams with recent runs lately on nothing but heavy volume will start to see the volatility is not worth the gamble. Many starting to realize if you're going to play in the OTC swamp, it's much better to put your money behind a growing company, with 60 million 2021 protected revenues, zero toxic debt and a tiny float. As smart money continues to realize this, the pressure on the ask will continue driving the price higher and higher. $2 dollars is the first short term target next week. I'm expecting a gap up Monday morning near $1.30 and a quick early move to the $1.50 range and we'll see the next leg up after some intraday consolidation. IMO.
PokerStar
