Friday was a significant trading day. Good volume and a solid trading range. Puts to rest any rumour-mongering about a retreat back to a 'cheap' trading range. The chart now shows a real potential for a solid base in the mid-teens. More than anything else friday shows new supportive buying. No question we are now in new pricing territory.
To me, this signals volatility in a new phase of the stock.
Bottom line this separates players into two categories.
1) Flippers/Traders- They create the 'Froth.' They will enter in force once this hits 20 cents.. It'll be high on their radar screens. Hence the volatility.
2) Holders. Long timers. But here's the killer. As the story spreads there is no question but this will hit the radar screens of those looking for a junior with unreported real potential. It will happen and when it does this has a greater potential than Taser in the year leading up from it's initial announcement to its eventual peak.
Time horizon? Isn't that what makes this so exciting?
So, when I look at the historical chart with the PRS Taser issued (stockwatch.com) I have to take a deep breath and say well, maybe we have the same tiger by the tail.
Finally, here's the thing...this isn't a one trick pony like Taser was.. this is infinitely better. I'm gonna stay the ground and hold with a view to next year.
Smells like a junior Q-comm.
In for the ride and looking forward to the oncoming volatility.
Signing off from Signal Hill,
Cheers All,
spinnaker1
