Let's Play Devil's Advocates.... LONGs putting our bias aside... any potential NEGATIVE news we may be facing currently?
I been trying to find one and honesty cant! From there revenues, to subscribers/user base, to financing completed recently, to insider buying, to way the app looks and appears to be uber cool, to the sector, to the management, to you name it!
Only 2 factors I felt that would hold down the stock were or are:
1. General markets dropping - now that SP/DJ just broke above there sideways channels looks to be BUY BUY BUY again so once again got positive market sentiment backing us
2. SHORTS - we went from 175,000 shares shorted to 4.9 M shares or $3.1M value of shorts... I truly believe 90% of these people shorting are: retail who felt it jumped too fast too soon and would retrace much much more than we have, and those who thought we wouldnt have or get the financing capital needed to reach the ambitious plans of management which we also have now conquered eliminating one of the issues that might have held this stock down.
SCORE SHORT DATA
Stock price is holding up rather nicely... Feel like a lot of LONGS in from $0.20's and $0.30's already took there profits on "sell the news" day when we hit $0.92 and SHORTs have already taken their positions.
I'm excited about the next leg up... may not come for a week or two but definitely feel the next push takes us over $1.00
Every day we can trade 400-500K+ shares and closed at or above the $0.75-$0.80 range is wonderful for us LONG TERM INVESTORS as each day the moving averages move higher, creating a greater support level below us.