Wednesday, June 26, 2024 10:16:06 AM
Thought maybe I would come in to take a visit. Well folks, we are heading into a very unpredictable area. Things are about to get very interesting as we hit bottom. Most of what is happening is the summer doldrums and of course holders are getting slapped from every direction and are reducing their holdings. This issue has always traded on the thin side, so it doesn't surprise me we are getting hit pretty hard.
With that said, there are a couple of things you should keep an eye on is the share structure. As long as we stay within the structure as noted on the OTC we will prevail. However, for today's session going into the end of the first half of the year look for a major drop just to weed out the nervousness of traders as anxiety sets in and controls this action.
The algorithm is in control and will only negate any real substance since the realm of holders is on the negative side of the ledger and limited news from the company is giving the downdraft as we are seeing during this session.
This lack of excitement for this company won't come until after Labor Day so expect pretty much dismal volume, but I would caution on your emotion taking over. If one does feel emotional on the direction take some off the table. Incidentally, one should have when it went as high as .0028 and removed the burden mindset at .0022 and then ride out the summer with a comfortable position.
This is now in a territory of Hold and ride it out. Of course, for you folks that would average in wait and watch. You may be able to snatch up at .0015, but don't be too quick on your entry, since we have at least another 2 months of downward pressure.
Have a great 4th of July and see you all after Labor Day.
Have a good day
varok
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