RE:RE:Accumulate!frankie1122 wrote:
I am waiting until after the issue of the financials/customer numbers to if I will add to my position.
All the insiders already know the results, and the support at .75 is long gone.
This tells me to expect bad news, if the financials were okay, the share price would have stayed at .75
Next support level is .65
Good luck.
It would be prudent to put buy order after ER but I do not think the share price drop is caused by "insider selling".
I have not witnessed even one block-sell order so far. A few thousand shares sell order will be able to drive the share price down 3%. It means lack of interest in buying which shows the existing share holders all think they have loaded enough shares and the new buyers think the share price could go lower after the ER.
Usually, it is the turning point of trend -- when everybody expects the worst is yet to come, the share price will go up.
[The most recent example, Oil and BABA].