My take on HMGP : I hope it is, Kel. I called the bottom around 4 cents range and I am plenty sure I own the bragging rights for bringing in buyers and stopped the bleeding at that range. That was the hardest time to be positive on the stock and I see most of those who were negative then are bullish now. I am being cautious now only because this upward movement was built on NITE's mercy. I would have like it lot better if AUTO was on the bid because they were the ones bringing it down. That would nicely fit the 'short' theory. Sure the fundamentals haven't changed but they didn't play a role in this run. Based on my trading experience, this is what normally happens. The market maker runs the stock up on low volume after 'cleaning out' the weak sellers. Some of the big holders chip in with some money and buy the stock because they are worried it would fall right back down. They also work hard to generate the frenzy so that they can sell their shares to new buyers. The 'always late to the party' i-hub momo crowd bring in some bagholders with their push. The distribution phase lasts for some time and I hope for the sake of our friends in the stock,it lasts long enough for them I sound the most bullish when the stock is trying hard to reverse from the lows and get cautious once it runs a few hundred percent higher from the lows. Folks who follow me know this very well. At least I am not costing them any money and I am not creating any bagholders by giving an atrocious price target on pinkies. Wishing you the best. I will be around to cheer if this propels higher on some solid news and better market dynamics. So far as pinkies goes, I sell the stock based on my trading discipline and willing to buy back lower if the story is right. This way the story is same and you have more shares than ever before Good luck!
All posts are only my opinion and are not buy or sell recommendations.
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