I agree. This is textbook trading.
- There are seven (7) institutions in this stock, and four (4) of them recently added to their position.
- In total, the seven (7) institutions only hold 5% of the company.
- But, of those four (4) institutions who have increased their shares, three (3) of them are new.
- MILLENNIUM MANAGEMENT LLC is the newest, and largest, institution holder. They have the most shares. They only began buying in September.
Do not put this out on the MOMO boards and the other stock "hype" websites. Folks will buy in a frenzy and sell in 1 - 2 days. That could jar the textbook trading. I'm in this for at least $2 but really want to hold for $4 or $5. I originally bought this in August and September much higher. It then went straight down. I held and, fortunately, I began buying again recently in the $.51 range. I have continued to buy. I am very happy - and surprised - at the quick move north. Bought some today at .89. I will buy all the way to $1.
I have no belief in traditional Chinese medicine. Some people swear by acupuncture. But the traditional Chinese pharmaceuticals. That works for me.
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