Sona Nanotech Inc C.SONA

RE:RE:Could drop much lower before higher

[Moemoney42]

datawork wrote: I disagree to some extent.

The shorters have done a very good job of planting the seeds of doubt. Claims of Vaccines and competition that will compete with Sona. Both of which for one are a long ways down the road and secondly covid is global. There is going to be a demand for testing for many years to come with or without a vaccine. The demand for rapid testing far outweights the supply. So there's lots of room for competition.

What this boils down to is one of human's greatest faults. We are inharently lazy. Most people don't do their DD. They buy into the short's BS and  the shorts start manipulating the stock price and drive it down. Then the uninformed investors start getting scared and sell. Creating a domino effect. And so, here we are. And the shorts will contnue to drive this down, preying on peoples emotions until there is news. 

my 2 cents for what it's worth

Yup thats about the value of this post... you put alot of emphasis/reliance on shorters causing this downdraft... but don't recognize the fact that the share price has had a meteoric run and smart money will take profits when the opportunity arises... now as a result of a small company with a small float on a small exchange you get what you have today... I'd say the buyers start to come back after lunch in the health care sector as a whole as there's been alot of profit stripped off the sector today..!