I am said my clear reasons why I don't like this stock anymore
- There is no liquidity here with this stock, this stock is no longer CHART trade I was thinking, it's a DUD
- It is hard to sell this stock unless you lower the bid dramatically - I hate those things with OTCBB stock- that is a clear sign MM don't want your shares
- The company has great fundamentals - BUT lacks coverage - Volume says it all - No one is buying this stock in BIG number other than retail traders - That is very BAD sign
- I personally feel this will be range bound for a long time - Because there is no big dilution happening - MM have no incentive to pump - Anyone talking 0.15-0.2 is on crack. This stock is dud.
- This stock is in stalemate and will remain like that for a long time until some REAL investor money starts pouring in, until then the retail can't take this too far !
That was the main reason I decided to change my stand
I am not one of the pumpers here who will say BUY-BUY and then take dumps
I am extremely clear here
I don't want to hold this anymore - whoever wants to bu - Please buy my 0.052 bid
I won't be holding this anymore due to the reason I explained. I hate low liquidity stocks and when you can't sell a stock easily - It is hard to sell this stock in big chunk. MM don't want your shares, but happy to sell them at 0.056, but they don't ny my shares at 0.052, as soon I put order, they dropped it like a rock - VETY BAD sign
I started testing waters last week by putting 200K sell orders and noticed MM don't want my shares, they drop bid by 10-20% on my sale - That confirmed my fears - MM have infinite supply of shares here
That also means they have lot of supply of shares
That is what I am talking about..
precisely..
hidden DILUTION
Hopefully MM will pump this on some news
and my position will be sold some day
I now that will happen someday - those who are thinking long term can still hold. However I can no longer risk that kind of money on this stock I had earlier. I will keep 200-300K just in case
good luck