Replies to post #43927 on Singlepoint Inc (SING)

[mdh]

Well, with earnings coming up in March, we'll see how things go. Historical data and future projection seem to show April as the month with the most upward movement. I think we'll have a better idea of where things are headed going into May. I'm looking forward to the earnings release and the movement in April.

[mdh]

The ask volume is still higher than the bid volume, which means there is still greater interest on the buying side rather than the selling side.

I'm in this for the longer term, so the short term consolidation doesn't deter me. I'll probably add to my position if the price is right.

[mdh]

It looks like .15 was a level of support from midday Feb 4th and end of day Feb 4th. If today's price holds above that level, then this may indeed be a bear trap, which means that people are selling early out of panic and will miss out on the rebound from .15 upward (it's a bullish sign).

From my past experience, if you're selling below .18 then you risk missing out on a rebound from the .15 support level. From .15 to 18 is a 20% gain that you can potentially be sitting out for.


At .15 there was a good amount of buy action from Feb4-Feb7, which means that at that price, there are a lot of investors breaking even. And since people tend to avoid selling at a loss, they will tend to avoid selling below .15 unless it's out of desperation.

Those who did sell, may start to acquire shares gain if the price starts moving upward, due to FOMO, and that usually drives a nice rebound.

Again, I'm far more interested in the earnings numbers in March and the stock movement in April-May. I'm very interested in how the $20million deal with the schools will translate into profit, income, and future plans for growth.