Break out
Thanks for the welcome back, guys. Appreciate the warm reception.
IMHO it would be silly to put a big sell order at higher prices. The way this stock has been gapping up, you stand a good chance of losing out big time. I'd expect sellers to file in and test the new levels like we have been seeing almost daily. This is the best scenario as new levels are being tested and gathering momentum and coupled with good news, solid drive upwards to new levels. Too much volatility, even on the upside without meaningful news just suggests an equally violent pull back too. At this point, I wouldn't be expecting a pull back unless management fails to deliver on the harvest or significant delays. Also, comparing this stock's trading activity compared to it's past doesn't really tell us much. The stock was heavily manipulated, with a lot being held by few individuals and the total shares were about 1/2 of what it is.
It is exciting to see how this drama plays out. I haven't sold a share (yet), as this story is too interesting. Good luck to all the longs, and it's been a long time coming. Those of us who have been invested have not had much to be happy about, with all the failed projects in China.