Weak trading not a surprise funny how things can change in a couple of weeks here. 2 fridays ago, there was a buzz running rampant through here with the prospect of us moving into the 20 cent range and beyond on further big news. Now 2 fridays later, here we sit at 13 cents again, and there is all this doom and gloom going on. But here is a question, what has changed from when we were at 11 cents at around christmas to now.
Only speculation of revenue contracts being signed, and a possible lead in for their spinoff. That is purely the reason why the stock skyrocketed to 21.5 cents, and since we did not get the news immediatly, the exact reason why the stock has plummeted. Alot of us speculated and posted that this downward sprial would happen after reading the non-news last friday, so this should not really come as much of a surprise to anyone.
But nothing has changed here again, we still might see some further weakness next week before we hit a bottom, and then we will get the debenture closing news, ititbiti closing news, possible revenue contract news, possible further partnership news, and possibly even a spinoff update.
For me, my long shares are still riding, and once i see a bottom in the trading pattern, my daytrading will resume. I will admit, i still have not seen the bottom in the trading yet due to increase weakness, so i have been holding off on accumulating. But like the elasticity effect dictates, what stretches must compress and vice versa. So keep that in mind going forward
GLTA