Compete shell scam companies have been pumped to multiple pennies with nothing except a few scam PR's. EFLN actually has revenue coming in and the potential for even more on the horizon. The folks selling at 002 are those who most likely got in at 1 and are out with a double. Nothing wrong there, but we have to churn through them in order for the strong hands to win out. Even with the million sell at 2, we stil closed at 24 and the MM's moved the price right back up. I think there were close to 5 million in buys between 25 and 27. The MM"s are going to make money when they can and someone selling out at 2 is easy money for them.
EFLN has been moving up nice and steady whic is what I like. There are no gaps to fill. Each day we make higher highs and higher lows. Two weeks ago, we had trades going through at 12 when the R/S BS cropped up. Now we are solidly trading in the 2's and I think with another Pr this week, we can move to the high 2's and possibly the low threes. I want to move up nice and easy. Huge moves up birth massive dumps down and we don't want that. All that does is encourage flippers. While we need flippers for liquidity, we want the vast majority of volume to be long hands buying into the run and if they need to sell, selling in an orderly manner.
I thnk EFLN is just getting warmed up and it appears that most of us are in on the ground floor.
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