Thoughts on todays tradingIt was an interesting day.
Started off soft with the downward pressure of the MMs, as we have seen recently.
Then kaboom the "out of the blue" news release on knctr (itiBiti), which was coming but didn't know when.
The stock rose 3 or 4 cents, then was held back again, before rising up to 52 cents by noon.
Then the walls came up, downward pressure, and volume slowed right down (don't know Alpha's volume).
My take, this was held down so as to be accummulated, as word is spreading like widfire during the day, this evening, and through the night, as people make their free long distance calls, and forward the knctr link to families, friends, neighbours, business associates etc.
Tomorrow, has to be a gap up, how can it not gap up. Even Aunt Millie bought today I'm sure.
That's my thoughts on todays action.
GLTA
SC