Followers | 0 |
Posts | 1005 |
Boards Moderated | 0 |
Alias Born | 03/12/2009 |
Wednesday, February 09, 2011 7:28:30 AM
He says the stock has traded almost 150 mio shares in the last 3 weeks that shows most of the public float is getting locked up and once the MMs fill up their inventories once such news comes out they will take this to the earlier peak of .20.
Off course I cannot validate what my friend says nor can I believe in the story of the MM, but looking at the past trend I can surely say that I have watched the moment the stock tries to go below .03 levels either CSTI or INTL come for buying.
Further I looked at the old history this company surely has patents and the labs to manufacture the drugs and no wonder spectrum when signed the multimillion dollar deal they might have done the due diligence.
In any case looking at the trading patterns since all of us have entered above levels of .06 I am sure no one will sell below that levels the more we go on averaging the more the float is getting locked and this the MMs know so I feel a monster run is possibly coming?
VPR Brands (VPRB) Reports First Quarter 2024 Financial Results • VPRB • May 17, 2024 8:04 AM
ILUS Provides a First Quarter Filing Update • ILUS • May 16, 2024 11:26 AM
Cannabix Technologies and Omega Laboratories Inc. enter Strategic Partnership to Commercialize Marijuana Breathalyzer Technology • BLO • May 16, 2024 8:13 AM
Avant Technologies to Revolutionize Data Center Management with Proprietary AI Software Platform • AVAI • May 16, 2024 8:00 AM
HealthLynked Corp Announces First Quarter 2024 Results: Achieves 8% Revenue Growth Over Last Quarter • HLYK • May 16, 2024 8:00 AM
Integrated Ventures Files Q3/2024 With Mining Revenues Of $1,983,250 And Positive Earnings Of $0.05 Cents Per Share • INTV • May 15, 2024 10:30 AM