Money is made thru strength/patience
Yes, the technicals of this stock and some hype brought the pps from orig. .004 to .021. Then a second shot at it from traders who missed the first round brought it up from .009 to .02 again.
But make no mistake. At this point the pps is decreasing only because of traders like yourself who cannot weather the ride, and yes, waiting on news; and MM's able to play into weakness.
The merger is pending completion. Be very clear, with any pink awaiting news and hype, day traders and MM's, the pps will vasilate accordingly. Use this knowledge and play the stock in/out during the time of waiting for the big PR. Once the big PR is out, and specific revenue estimates confirm value, the stock then gets the attention of other traders which increases volume and pps. To say that because the pr is not out regarding the merger, then something is wrong; is more attributable to your lack of patience and trading ability than to the co. itself. No disrespect intented.
No news does create frustration and many traders opt out. That is the nature of the beast in pinkie land. But, timing in all aspects of life is the key. Now that the pps has decreased some is the perfect time to pick up more shares!
Once the PR is announced the pps will hit .02++ again. The reason you were supposedly "balked at" by saying pps would hit .008 is because if you are long in a stock, don't whine and complain and beat the stock up. Know the process and trade accordingly. The PR not out yet on the merger could mean continued bs from attorneys who are completing the docs. It could mean with the volitality in oil prices that the merger is renogotiated based on changing price per barrel values, etc. Bottomline is its close and deposits have been received.
Know the charts and trade accordingly. Never spend money you cannot afford to either lose or let sit for awhile with pinks.
The big gains in this type of pinkie market come from interim playing of chart technicals and then being long when the big PR hits.
Buying this stock know at .008+- and then selling at .02++ is the way to make money. If it takes a week longer, so be it.
Best Regards and Good luck to you.
Not a buy or sell recommendation.
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