Safeplus International Holdings Ltd. (ACAI)

[trade2much]

Hi Bub and all.

I looked at the weekly charts, which I tend to pay more attention to after very fast run ups; they seem to just indicate a retrace from the $3.50 high, very recently, to the 2.56 area (38.2%)

Seeing as the volume of the slide was no where near what the volumes in the very recent climbs were, it is hard for me to think that it is more than a healthy consolidation. Who knows, not me for sure. I am just buying here and there on these dips. There was no announcement to make this slide, therefore I have to think it is just profit taking, in many cases it is 5bagger + so smart money is likely just garnering cost and taking some profit.

I will feel a ton better when we have revenue figures though, then we will likely really rock and roll. Any idea of when we will get some sales? TIA

jmvho


BOL

john