OTCPK:SPLID - Post by User
Post by
garred1961on Apr 02, 2015 5:18pm
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Post# 23593503
Trading pattern
Trading pattern You'll notice the the trading volume continued to drop since the ipo. This is normal for any new issue. This tailing off(at least in the short term) was complete on Tuesday. The buyers were tired. People that wanted in at the start are in now. What happens next was Wednesday. The sellers step in and swamp whatever buyers are left. Now comes the tough part. Do the sellers keep pushing the stock lower or do the buyers (like myself) step in and stop the fall. The buyers are still there.
It will be hard to predict in the short term what happens now BUT over the next 3 to 4 quarters read the reports and news stream to see if management is holding to their plan or are giving excuses why they aren't.
This stock is on a short leash with me but at the present time there is explosive potential.