Based on the news/tweet today vs how Steve/IR built it up yesterday, this pps action today was a given. It doesn't mean that BOOM isn't coming, it's just a little further down the road. As I said yesterday, when TRULY SIGNIFICANT news is going to drop, we'll see a spike in volume and pps 1-3 days prior, as well as an increase to the 4 MM's/Firms on L2.
Also, like I posted a little while ago, often times these OTC IR firms can do more damage than good. They build up/pump up the incoming news as substantially more significant/impactful than it actually is, but I don't blame PWDY for this. I believe they're doing what they should be doing behind the scenes, which will eventually pay off; but when their IR person is posting that we're gonna see news that is more significant than the others, it leads everyone to expect something BIGGER & BETTER than the others, which obviously wasn't the case with today's news. Then when the news drops and it's NOT BIGGER/BETTER than others and/or NOT as significant as what the IR person built it up to be, we end with another day like this. Happens all the time in OTC land, and unfortunately most of the time people blame the company, when it's not their fault.
With that said, IR/Steve posted again today that PWDY is working on "Official News" for this week (snippet pasted below), which once again I believe is intentionally vague and open to many different interpretations.
For example, is PWDY working on actual NEW "Official News" for this week OR are they preparing an 8K with the info from today's tweet?
Both are technically considered "official," but only one of them (NEW Official News or News that contains tangible facts not included in today's tweet) has the potential to bring in volume and drive up the pps. If the "official news" that Steve is referring to is nothing more than an 8K with the info from today's tweet, it will once again result in another down day.
Also, Steve could be posting based on things that he knows, but cannot say publicly yet, which could explain why he described it as "more significant than others." However, if this is the case, I would recommend that he posts and/or promotes it based on what will actually be disclosed to shareholders vs what he knows. This would avoid driving up the hopes and expectations of shareholdes.
Don't misinterpret this as bashing or me blaming PWDY, as I'm not doing either. I'm still long here and I still 100% BELIEVE THIS IS WORTH THE HOLD. Just trying to show that when IR boosts up incoming news to be more than what it truly is, we can expect to see stagnant volume and a decline in pps. But again, it doesn't mean that BOOM isn't coming and/or that PWDY isn't doing their part, because I believe both. BOOM will be coming and PWDY is doing their part. Usually the IR people guilty of doing this type of promoting are doing it for the purpose of dilution and/or toxic debt conversions, NEITHER OF WHICH WE HAVE TO WORRY ABOUT WITH $PWDY.
IMHO IR just needs to be a bit more careful with how they/he informs of incoming news... But, then again that's just my $0.02.... We still have another 2.5+ hours of trading and anything can happen; especially when it moves so easily both ways....
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