Followers | 44 |
Posts | 1271 |
Boards Moderated | 0 |
Alias Born | 11/07/2007 |
Sunday, May 09, 2010 7:30:59 PM
The 2,000,000 milestone is a great opportunity for the co. and shareholders to maximize exposure.
A PR here is very rare and historically we should expect on seeing something official from the co. over the next 30-40 days.
Yes there is more float to eat but it hasn't taken billions of volume to move this .0001-.0003.
The only thing that's going to 'organically' move this PPS is healthy buying demand. This is the place of investors. Moreover healthy bid and ask conditions will bring in a host of different types of traders.
It's hard to say what all the potential catalysts for upward movement might be but one thing about this stock is that there are a number of long-term holders who hold sizable positions and plan on retaining the bulk of shares for much-higher levels.
It's one of those ironies of trading that buying crowds will want-in or discover this after .0001-.0003 is but an historical record.
The above situation could force MMs to dramatically move this bid in order to shake shares. Once again, necessitating strong demand for the foreseeable future. MOMENTUM and DEMAND can do amazing things and who is to say that this won't enter-in to mix more and more?!?!
Yes there was no buyout in November 2009 but we are now in May 2010 with 2,000,000 users approaching. We have seen a healthy bid/ask situation return, board marks increase and general interest in this co./stock grow.
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