This rally has had three pullbacks. It seems to have paused but as far as trading volumes going they have dropped off a couple months ago when the rally began in late March.
So not everything is on the brink of tumbling down. It’s just back to the SOS, only at a dime more than where it started. Low liquidity, extremely low anemic trading volumes and new interest with a pulse here and there. The sp is still holding out very well despite a potentially boring upcoming 10Q by next week. It’s just that with anemic trading volumes, a few hundred thousand shares can drag down the sp.
In essence it was the same volumes that dragged it up as well as I consistently point out in my weekly posts. In reality the sp looks better in everyone’s portfolio. But it means nothing, for it can swing either way on a few hundred thousand shares. Simply put it is still subject to manipulation by a dump or a pump in volume trading. But it hasn’t pulled back yet.
Your historical observation of sentiment and the story line is consistent with the actual time line. Anyone disputing those points have no clues or have not done any DD.
Yep, until China provides a path forward for serious revenues, it’s bridge pins, golf clubs, an Evie ring or two and oh yeah, let’s not forget, rental payments. Maybe in la la land it’s something else. But back in Kansas it’s disappearing partnerships and inconsistent bottom lines.
Your historical view of China’s impact on LQMT has been spot on. And as you state whenever or if ever LQMT becomes successful. It will be spot on from that same conclusion.
Good luck to you.
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