Sorry, but I have to disagree with this statement too.....
too many longs here that want to get out
And, I say that, mainly because I am in contact with many of the very old, very heavy longs (not sure if I qualify or not under the "very heavy", but there aren't many older than me here.)
Would it be nice to have volume and price spikes where peeps can sell a few here and there and pocket some long deserved profit? Sure.
But, would those same individuals be continuing their DD and realize that we are on the bottom side of the share price seeing the potential above, and therefore be looking to reinvest back into the company, in anticipation of even higher returns and even more profit? You betcha.
Too many people are locked up in this "pink mentality" of trading: Let me put in a nickel today, so I can take out a quarter tomorrow, and anything less is a failure. IMO, this is a mentality that has been fostered by the big time penny players. The game goes like this: Find a play with potential, and excite the "less experienced, less informed, wanting to get rich quick" crowd, that this is the next "Ten Bagger". While the majority of peeps are using all of their lunch money to buy up every single share they can, holding for that elusive 10 bagger, the "big timers" are flipping in and out at 2x and 3x gains (or even less depending on volume, heck a mere 20% is great)
And who is left behind when the big timers leave? All the bagholders still convinced and waiting for that 10 bagger to show up. If this is the game, then one needs to learn "trading" and not "investing".
So one needs to ask the question: Are the "longs" here "traders" or "investors"? Only speaking for myself, I signed on as a "trader", but I didn't know what I was doing, and became one of the growing crowd of "bagholders". But, as the years went on, I got older, and more experienced, and realized what was going on around me, and now I go into every play as either a "trader" or an "investor".
I'll be honest with you: My bag was going to be emptied on the hype over the Wood CEO deal and the landfill announcement. When this thing shot up to a penny, I was out. Ummmmm, nuts, that didn't work........ Then St. Cloud doesn't work.
Enter Jeff Nemes, and my email inquiry to him. Whether he knew it or not, my question to him was: Should I be a "trader" or an "investor"? I post 100% honest and true: Because of his reply, and his commitment, and his ongoing record, finishsuper is 100% committed investor in RENU.
Does that mean I will never sell a single share? Nope. But that does mean that I will handle my shares in a responsible manner, and I will also handle my posts in a responsible manner, knowing full well that what I say and do, affects and influences others as well.
I don't claim to speak for the group as a whole, but I do try to communicate often with others and try to share information and concerns, and get things right and settled.
IMO, yep, there are a few longs that are worn out and ready to move on. I wish them the best and harbor no ill toward them. But, for the majority, again, only MO, I think most are excited about what's happening and enthusiastic about the future, albeit a bit puzzled and concerned about the lack of volume.
Take it for what it's worth. Just my 2 cents, but I can't sneeze at $1.3M revenue in 3 months with $128k of profit, and the numbers continuing to climb in the 2nd quarter. This is the kind of company I look to invest in, pink, blue, green, orange......
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