Monday, April 04, 2011 9:22:43 AM
Going on the technicals, as I see them, the erosion will continue to a lower price - .11 or .08 or ??????
If, in fact, an announcement of a re submission is made, THEORETICALLY we should see increased volume and a rise in the PPS, as before.
I think most posting here have an inflated idea of how high that price will be. My guess is that .15 is about tops. The game will be played amongst the day traders and the MMs.
It will be fast and furious and short lived, IMO.
Long termers have to have a plan.
Will they continue to hold for the "big killing" which may never come, of course, and watch the price deteriorate as we have already witnessed in previous cycles?
Will the company go bankrupt before the "big killing" can become fact?
Will the long termers sell after the immediate price rise, lick their wounds and move on ?
Whatever is in store, the important thing is to have a plan in place. If you take a "wait and see" approach, you will be at the mercy of the " money changers" who are running the show.
You are no match for them with their computers and big bucks. Some have "insider information" being leaked to them ( this is DEFINITELY just my opinion, as I have no proof of that) but I recognize the trading patterns which are indicative of significant numbers of traders moving in the same direction, simultaneously, always before the "news" is announced to the peons ( us)
We retail traders are no match for these professional traders.
Have a plan in place, execute it and never look back and "second guess" yourself, as that is a direct route to self judgment and ulcers !!!
And , most importantly, learn the lessons you may pay for dearly, so that the "next time" you will have the experience to make better choices.
" A true failure is a man who has blundered, and failed to learn from the experience"
Simple Stock Loans Announces Unique Solutions For Investors Looking for Alternative Liquidity Amidst Recent Small Cap Rally Sep 6, 2024 9:30 AM
Reliant Coffee Debuts at #271 on the Inc. 5000 List of Fastest Growing Companies - Coffee Service Industry Disruptor Brews Up Exponential Growth Sep 5, 2024 11:51 AM
VAYK Confirms Receiving Revenue from First Airbnb Property with 1.4 Million Annual Revenue Goal • VAYK • Sep 4, 2024 9:34 AM
Mawson Finland Limited Expands Known Mineralized Zones at Rajapalot: New Lens Intercepts 21.75 m at 5.25 g/t Gold & 515 ppm Cobalt • MFL • Sep 4, 2024 9:02 AM
Integrated Ventures Acquires 51% Stake In GetTrim.Com (TM), Telemedicine Platform With Focus On Expansion Into Booming GLP-1 Powered Weight Loss Market • INTV • Sep 4, 2024 8:45 AM
Avant Technologies Announces Strategic Review Process Intended to Maximize Shareholder Value • AVAI • Sep 4, 2024 8:00 AM