RE:I like CXV's revenues, but I'm out (for now)I will humour you and pretend I believe you.
What was your expectation buying at XX? In the last 2-3 months you ought to have paid less, or at worst, only a little more than the closing price today, and artificial (but likely to stick) .10
Were you planning to flip em on the next bump to .13 or .145, or hold for .30-.40-.50??
So even if you bought at .11, you are now exiting at a 1-cent loss in order to give uop mon the change to gain an easy quadruple, but might come back when you will have to pay MORE?
Please, not even the other bashers can believe this story.
On the other hand, if you pennyflip like most traders here, are you selling in the hope of rebuying at .09 or .085 in the next couple of weeks? As you kinow that is always possible, maybe 50:50 odds before the game is up, and if you are wrong, a rebuy at .12 if you get in fast enough...
Just tell us like it really is, eh?
BTW your perpetual "block" at .11 has been radically less than the bid at .10 or .105 until less than a week ago... as I have reported almost daily. In fact since this is ponly Wednesday, I think it was only Monday that we approached parity.
The fact that is is now approaching 2/3rds of rthe DEMAND at .10 makes the upside less likely to happen immediately, but as the "attack and defend" analogy suggests, the constant commitment of resources to resist the natural (rational) tendency for the SP to rise wll eventually exhaust the "defenders." When the breakout happens it may be on the scale of 5-10 million shares leaving nothing but mangled shorters on the old battlefield.
Hence, I never sell, but may well buy more when another guaranteed winner rewards my patience sooner. GL with whatever your real strategy is.
blueboy wrote: since the stock is languishing between .10 and .105 and there is a perpetual big block at .11
If / when CXV's share price gets back up over 0.12, I will consider getting some shares back (I had over 200K shares, for full disclosure)
I will keep watching CXV for any news, but it will be at least three months before another set of earnings come out, and expenses will likely be way up on those since 5 new facilities are in the build-up phase right now...
BB