RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:This stock is starting to appear ?? with its downtrend.! whylscfa wrote: Another way to interpret the chart is that the stock moved up in December after co. announced 15 new clients with 12000 clients and when the financial forecast was released Jan 05 the market was not impressed considering the co. was projecting only $65 million in revenue, or 108,333 active patients, by 2023 when co has been bragging about 500,000 patient pipeline for a long time.
Humanist wrote: thx iscfa, yes i recall i think i siad something has leaked.. but i thought traders would have sold faster but it held for a while nicely. now its trending down very fast, which makes me wonder if another leak happened but this time to the negative side. iam getting frustrated and concerned about it.
as i am an investor not a trader, this is frustrating to hold for so many ears and be still i nthe hole!
sigh!!
Sorry, cannot agree with this interpretation - ‘ when the financial forecast was released Jan 05 the market was not impressed considering the co. was projecting only $65 million in revenue, or 108,333 active patients, by 2023 when co has been bragging about 500,000 patient pipeline for a long time.” You keep looking for excuses why the chart behave as you said in earlier post. That new contracts cannot have market to price them in has been a norm for awhile because they never materialize in the past. Market wants to see results first in the financial before willing to pay a higher price. 0.43 is the breakout point with fresh American interest by social media promotion. Now it retracts back to this point today, an indication of American interest being more or less subsided. Another indication is to follow the OTC trades in this company for hints.The company practically has not changed its forecast since the investor deck was put up in January. Probably needs an update urgently. So if the price breaks below and stay below the 200 MDA @ 0.41 it is simply saying price in for a lower forecast and below guidance in Q3 coming up.