Thursday, May 09, 2024 11:48:52 AM
I certainly do not want to belittle the folks that sold into this major pullback, but I understand the anxiety that took place. Profit is profit and the folks that sold into this, this session allowed this to happen. First let me say, MM do not look for shares, they leave that up to us. Their position is always to accommodate given desire and this morning they obliged by taking it down as the algorithm pressure was quite evident. Make no mistake! This issue is going back up and thus far, the volume is very low indicative of emotional traders that are selling into this without much understanding. The only reason is the Monday high of .006 and trailing down brought on anxiety that resulted in whether it be pennies for profit or whatever, they exited and more power to them. No fault with that and one should always remove profit when they can.
Heck, I sold some into the high on Monday of .006 and now back in at .004. I believe this will be a .01 in short order. As long as the company does not dilute, we are in a position of great highs beyond .01 and that is a fact! The business model and the corporate structure is very unique in the penny arcade and the company has all the attributes in its favor.
Awesome buying opportunity and folks I know what I'm talking about. This is a great play people. Yeah, we may be going into the summer doldrums, but this issue has too much going for it and we have the financials on May 15th and I'm sure other information will be forth coming.
Have a good day
varok
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