I hear constantly on IHUB about the NEED for volume in order for something to move or go to a certain level on the charts. It is my opinion that that is a total myth. You can look at level 2 and see how 'thin' something is.
There is only ONE deciding factor for a stock down here to go higher and that is: WHEN THE MM'S say the time is right. They determine when it goes and no other factor. Sales, Losses, OS, Diluting, etc. have no determination at all.
IF the MM's have positoned themselves for the move upward, then it is going to go. In fact, you would probably want to see just a little bit of volume on the way up since the MM's have already turned long and they will now have to sell their long shares to those that are 'chasing the market'. When they become neutral, it will level off, and when they get short it will fall.
It could not be any plainer than that. If you want to know what is going to happen, look at the volume that is happening BEFORE a move starts and learn to understand the language of the MM's, which is the SMA's especially the 30 and 60 time frames.
There is not one thing any of us here is going to do for PPS. The MM's control it all.
It is also interesting to see that many like to be 'fortune tellers' on IHUB. They state: ' this thing is worth 5, 10, 20 cents etc.'. So what is it worth 5, 10, 20? There is a lot of difference between those. As I have said many times here, there needs to be a DETAILED discussion of the financials and where the losses are coming from and the rate of revenue growth and where it is coming from. There is no interest in that here though.
I do not think these people are liars and thieves. I trust in the numbers that have been coming out from them and see tremendous growth in the company as a whole. The losses that have occured are probably going to dwindle as the expenses come down, not only as a whole in areas, but as a percentage to revenues and gross margins. There is much that could be said here but....
I personally think is stupid to keep the same conversations (arguments) going day after day, week after week, and yes even year after year. You all have got to have better things to do with your time than this.
Just my opinions though.
SM
