GREY:MPHMF - Post by User
Comment by
Third3yeon Nov 15, 2017 6:35pm
92 Views
Post# 26972127
RE:The floor is out
RE:The floor is outThe floor is far too shallow to responsibly hold the volume that I was carrying...we saw what happened when one investor sold 100k shares and tanked the price from .39 to 31...I made a small buy at .385 that morning to try to stabilize the sp, but it didn't work for long. Seeing approx 100k shares creating a floor at .30 with a huge drop down to .12, it's a matter of time before an investor with a few hundred thousand shares decides to play and tank this sp down a ton. I sold the bulk of my shares at .33 today (down from an average of .59). The risk is far too high here for me at this point so I cut my losses. There are big things on the horizon, but ToConceive has been discounted by 25% and the October report indicates that there is no new business.. It's on the CSE website. I'm still holding 10k shares, but it's not economically viable for me to risk a ton of money on the whim of another investor who can tank this sp. This is not a bash, and I believe this company will do very well once fda approval comes in in 2018, but for now, the risk is too high for this small player. Good luck all and I'll be back in when things settle a bit. Again, that floor got too shallow for my liking. Had ToConceive and extrinsa news done something, I'd stick around, but that roll back fkd us all.
Happy trails all, and good luck to all longs.
3rd