rookie48, besides the market macros, and some of the specifics I already mentioned, the positive PR, is simply confirming stated plans, filed through the SEC. Yes that is good, and shows a healthy track record for Fuse, but I actually am being patient, because the 'event' of those commitments, is coming soon, but still not here yet.
Now of course, I actually agree with you, I expected the SP to increase slightly with the GNC announcement, because product is going on store shelves, and we have a specific time frame for that event, end of June. That follows the Mission announcement, doubling up on the same theme. But, the fact remains, the current stock price could already have this news priced in, as someone else noted earlier today, and needs the event to unfold, watch it's reception, and customer use/reaction.
And you know my feelings on Ms Market, and how she enjoys herself.
I purchased another 30k block last week, and will continue too, because the stock is also remaining above it's established support of .25 cents. Traders/investors, have every right to be cautious, but if they want to leave the better buying price for me, I'll be happy to accumulate.
In a prior note, sometime back I detailed the overall markets, just completed a six month bull run, which ended 4/2, during a Secular Bear market (going back to 2000). Hence, normal profit taking and consolidation phases, follow. These standard patterns rarely fail, so I am comfortable with the stagnant SP performance of DROP, during this consolidation time.
A particular market strategist I follow, is excellent at establishing support/resistence levels, and the resistence levels I am keenly watching are the SPX at 1415.8, and the Russell 2000 at 836.88, for further market action specifically related to DROP.
Being patient is harder than most realize, but I firmly believe the 4 quarter will present solid profits from DROP action, as the company takes it first baby steps.
Hope this helps.
GLTA
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