Docgfd,
That's right -- no doubt about it. That was a lot of action for this stock, well above average volumes. If you pay attention to that, and admit that good trading is a science, then it has to be "Gung-ho!".
You have to get used to the fact that these are volatile stocks. The 52-week high was .088 and the low .001 (source: FreeRealTime), with the range showing a differential of 88 times. Would anyone in their right mind offer a guarantee that the SP won't get back to those heights? I sincerely doubt it. If I am wrong, prospective guarantors can do us all a favor and step forward.
IMO, your attitude fails to hide the fact that those who were out buying yesterday were paying exceedingly little to become the proud father or mother or guardian of a big block of SCMI stock.
With all the humility of a lifelong contrarian, I continue to see this as being a true Cinderella stock, which is, admittedly, going through a period of hard drudgery, and is being badly treated by quite a few vociferous, sometimes rowdy members of the household, but has what it takes to emerge as a Cinderella.
If this is really the dog's dinner, or simply in the last stages of intensive care, perhaps you would like to enlighten me on why, oh why, are the eleven employees sticking with it so committedly and grittily through thick and thin? How can anyone explain the determination to succeed of all those who are close to the company? Perhaps all the posters on this board should read Kipling's "If" to refresh memories on some aspects of human nature.
Why -- if you felt able to exclude that this stock will achieve a turnaround, you would surely have slammed the door long ago, and taken the hub to another destination. Something must be holding you back. Maybe you cannily want to keep your options open. It all reminds me of that moment in Beckett's "Waiting for Godot" when one of the two tramps wants to give up and says "Let's go!", while the stage direction reads "They don't move".
Four out of the last five candlesticks have been white, and the fifth was a doji, with no solid body. No black candlesticks in sight.
The bias being expressed on this board is so strong right now that it increases my already sterling conviction that the sea-change is near.
Still, if most posters here feel attached to their charcoal-tinted spectacles, who am I to object? Our only real duty is to stick with the DD.
I look forward to reading the updates to Flydoc's blacklist during the rest of this year.
GLTY,
alj14
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