ThSeeker,
I originally bought my shares back in April. I bought what I considered a large block. Since then I have been adding to that block. I just sold off some for a profit and want to see where we land in a few days to few weeks.
Some here think we may hit the $.002 range. Who's to know for sure. Those who think it will go below the $.0045 level I see give no reason for the decline. I do. Volume, Volume, Volume
It's pretty simple. IW has tried on several occassions and now I will also. We have had 4 out of 6 heavy volume days on the positive side. This gives us a major number of shareholders that bought vs. those that sold. I don't want to get into the #'s since it has been explained already. I believe IW has put a 1.5 to 1 ratio on the buys vs. sells.
Since then we see a sell off. Or do we? What does the volume say? Is it light or heavy in comparision to those 6 days we see in the last 6 months? I believe it is relatively light and usually under 10M traded since early August.
That tells me that the laws of supply and demand are in play here. The majority of the supply is holding tight. Those wanting to sell are hiting the BID not the ASK. It is a mini panic IMO. I saw it back at $.011 and $.012 but just held on.
Why? Because I listen to the greedy one inside me. Emotions got the better of me again. I lose again. So now I sell for a smaller profit and wait for the dust to settle before comming back in stronger than before. I have shown how to make money or build position on the way down with my SWARM example.
So short term we trade between $.0045 and $.007, IMO. But long term (2-3) years I can still see us getting to $1. I guess I am gambling a little but it's what the charts are saying to me. Please do your own DD before you make up your own mind about SPZI near term and long term.
Boca_Bobby
Boca_Bobby
Mom said there would be days like this!
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