The way I am seeing it, this period is just a period of healthy consolidation until the next PR.
I believe investors are right now buying and holding - not for the long run necessarily (6 + months), but rather for the pop that we should see upon Baltia receiving its certificate. My present estimate for that - Baltia receiving its certificate from the FAA to begin scheduled direct flights to St. Petersburg AS WELL AS its permission to fly Charter anywhere that American citizens are permitted to visit throughout the world - is about the middle to end of January 2015.
I am thinking that many new investors jumped on board this opportunity recently, but that many more new investors are on the fence - waiting for the PR about the successful completion of the mini-evac.
If all works out well, that PR should arrive sometime next week - followed closely by the appearance of the proving flights on flightaware.com
Exciting days are ahead, but first we have to ride out this lull for the rest of this week and on into the very beginning of the next.
With all investors in who wanted in before the mini-evac, the next round of investors are the more risk averse investors who will wait for "the sure thing" - the announcement that Baltia has passed its mini-evac.
For now I am expecting low volume and a few more days closing in the red than any of us would care for.
This should all change dramatically for the good comes the middle of next week.
CAVU.
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