Post of the day Red, nice!
To call TA a non-factor at this point is simply idiotic. TA shows a very healthy trend here, and to ignore that is to ignore a very great thing that this stock has going for it. It will most likely become a non-factor temporarily up to and after the NI's release as SRSR will become a strict fundamental/momentum play. If you look at our chart, every single run has been followed by a consolidation period. If I saw anything different, I wouldn't feel as good about the stock as I do. Even if a penny with the absolute best fundamentals exists ... if it runs exponentially without forming support on the way up, it becomes subject to manipulation and a potentially detrimental selloff the result of which can take an extremely long time for the stock to recover from and for confidence to return by shareholders. This is most likely something the company cannot control. If every owner of Google stock dumps their shares on Monday, the stock will plummet, despite its extremely strong fundamentals. That's the nature of the beast and is precisely why forming support levels after each run is absolutely critical. I've said it before and I'll say it again:
Stocks don't flex their muscles on green days. They show their strength on red days and during consolidation periods, and the fact that SRSR has done that so magnificently for the past four runs, and then now on this fifth one, is a testament to our superiority in the world of penny stocks. Pennies don't do that normally. This thing is trading like a smaller, cent-sized AAPL for Christ's sake. It doesn't get much healthier than our current chart and SRSR has handled heavy selling beautifully the past three days. Mark this post:
1. SRSR will never trade again for under a dime. Not a single trade.
2. SRSR consolidates again on Monday and runs hard to .15 on Tuesday, which is when it is set to bounce off of our lower trendline.
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