RE:RE:RE:One day...I belived the huge selling wall is just there to stop the pre-emptive run up to the PEA. If someone decides to buy at 9, someone will sell to give the perception of weakness. Any retail investor who believes that this PEA will jump start the stock (which it should) they should still buy as those with the private placement WILL NOT let this drop below 8 because their investment would be nothing.
The thing is, what retail person wants to buy a stock at 9 cents only to have it immediately drop down to 8.5 or 8 after their investment. 9 cents is cheap for this. The only thing that's going to move this stock are 3 things. 1. The PP closes (added money in the coffers) 2. The PEA comes out and knocks the socks off everyone 3. Big institutions and or buyers (which have been hinted to me are in these PP's) start hammering this wall down. I guarantee you that this wall is not comprised of retail trying to get out making a few bucks when the PEA is right around the corner. It's some entity keeping the stock at bay until THEY decide to let it run.
Then they will let it go until it loses steam (hopefully it hits the 20 cent mark), and once it loses steam, they will short it (beware any big buys on the run up), then start selling the heck out of it for a profit on their 8 cent investment, eventually buying up their shares "anonymously" on the short from themselves, allowing them to make money both on the run up, and the run down.
Happens like clockwork any time there is great news that come out. The play the public and retail traders as pawns to make easy money.
This company will MAYBE eventually do something, but that will be in 3 or 4 years from now.
So if there is any advice for me to give, I offer it up that once you hit green, set your stop limit losses and follow them up. Sell when you can and be happy, knowing it will drop all the way down again in the future, and you can be on the right end of the pump again.
But what do I know?