Friday, May 25, 2012 4:31:07 PM
The fact that the price hasn't sustained itself over the last few days shouldn't come as a surprise. It was only the ask, not the bid, that rose above 4 cents. Volume has been low, and the spread between bid/ask has returned to normal. The fact that there still hasn't been a formal announcement of any kind simply confirms the fact that there just hasn't been enough to sustain any kind of breakthrough in terms of the pps. Until we hear the announcement of actual revenues derived from sales of their products, there is just no reason to expect a sustainable change in price.
Therefore, if anyone wishes to live on the razor's edge and trade on extremely thin margins, then by all means... if you're inclined to want to buy just below two cents and sell just above then I suppose there might indeed be money to be made; of course, there'd also be money to be lost. I'm in for the long haul, so I'm not concerned with the daily fluctuations in price. But to those who are growing weary and doubtful - don't lose heart; there's been absolutely no reason in the past few days to expect any kind of pop. It will happen soon enough, I believe... but it needs something to drive it (and sustain it) first.
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