After pondering all weekend and cooling down I came to a few conclusions on what exactly happened on Friday with POWT.
First thing right off the jump in the morning, in my opinion, the short sellers attacked us notoriously! It is borderline criminal what they can get away with..
Remember you see what happens when they leave things alone as evidence of our last pick that soared 1700%!
That was because of the combination of the end of the month and all the scum bags away for the holidays, but more on that in a bit..
Second thing that happened is when it tanked a third party shareholder thought it would be nice to dilute a little.. which is why it never had a bounce..
Of course everything I say above could be completely wrong but It is my strong opinion.
This is an easy fix.
The Fix? We go back to the same source that gave us our 1700% gainer with a brand spanking new IPO that trades for 1 cent… and we launch new picks near the third Friday of every month.
Reason being on the third Friday of every month or near months end firms clear out the books and cover most of what they have so they are less apt to short as evident of the last pick…
POWT is still a solid company and I believe it could have a nice bounce from these current levels.
Something everyone may have missed is the excellent news POWT put out Friday morning..
POWT announce that it has signed a contract with Danish Utility giant, DONG Energy, securing the delivery of 50,000 of its Smart Read Meters.
POWRtec has previously delivered 160,000 meters to DONG Energy, and will now reach a total of 210,000 meters when deployed within the next 12 months.
Earlier this year, the UK government set out its strategy for a complete rollout of smart meters starting in 2014 and ending in 2019. The rollout is the most comprehensive of its kind yet planned in any country and will entail the installation of 53 million smart meters in 30 million homes and businesses.
It appears POWT has the leading technology that all companies want and it looks as though they have a massive advantage over competitors which could be huge for POWT!
Never forget that I am not a broker, analyst, or financial, advisor in any capacity. These are my opinion and I could always be wrong.
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