Trader-b, there were a lot of shares traded above 3.60 the other day. I happen to think many of those were also folks who bought in expecting a bigger run. They either came in for the first time or, like myself, added on the news and sold those 'trade shares' for a nice gain. Once the stock did not continue the upwards move after the solid news, folks began to unload. Then as it fell back more, even more short term folks bailed. Those with longer term vision are the ones who will be richly rewarded in my opinion. There are also those who have been under water on this and took the opportunity to exit. There are also those who bought not long ago and have seen the share price double and are taking some profits off the table. The fall back has nothing to do with the future promise of owning this stock. Just normal trading activity I believe.
I too had hoped it would continue to move up and it will.
When? I wish I knew that. I suspect quite soon. I know you are not here to trade in and out so just be patient. There is soooo much more gain to come. I continue to hold my core shares and will do so for quite some time. I suspect there are others like us who believe in what our due dilgence has shown.
Hang in there. This is about to get real exciting.
btw...if you want another stock to look at, try CADA. It happens to be my oldest and largest holding and will continue to be for some time. Zero debt, huge growth, nice divy, great margins, strong insider ownership, investor accessible management and large cash on hand. The only negative I have ever found on this one is the large cash position. I think a nice chunk of it could be returned to the shareholders.
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