Hello Amir,
I barely post on the forums but do trade and watch everyday. Been following SAEI since the day it was being sold at .01 for a whole day. I thought I would post since alot of us including me are red...
In my opinion, all manipulation theories aside what happened today was a lot of the folks who got in at .01-.20 range exited, also some people just sold for a loss. In my experience these are the people who were looking for a quick couple of bags on their investment. I believe last week the reason this had such a hard time climbing over .66 was because alot of those people started selling to lock in profits. (i mean look at all the people today saying "glad i got out at .5x-.6x on friday)...
With that said, as people who didnt see the news this morning might sell tomorrow or might buy more tomorrow, worst case scenario for tomorrow I dont think we will fall much more below .20 w/o rebounding, maybe touch .16 which is near the next support.
Some positives, the company is pretty transparent I would be worried if they didnt give ANY update at all today. the share structure is only 70mill A.S., which is very low compared any other play and also to the 200mill A.S. A*TO stock which is being pumped and dumped right now. We are still #1 on the front page which is amazing by itself which means alot of people are watching this stock. When this goes up again in the very near future it will be very thin back up to the fridays high thanks to todays red day of those flippers exiting.
I dont feel obligated enough to give u advice to hold or sell, however considering how much you have invested it may benefit you to to see the share price as the company does, not on a day to day perspective but on a month to month perspective. I havea good feeling the company wouldnt be so transparent if their wasnt good news coming.
Me personally I am holding and will buy more tomorrow to lower my average because I belive in my own DD and it doesnt make sense for them to pay money to raise their stocks awareness for no reason other than for a buyout or something bigger. They havent diluted or raised the A.S. either which is what DG*I right after their promoting began. Well lets see what happens for me .20 is a good price to be buying.
