RE:Closed below 2.44, so what next? I can agree with what most of you said except TAX LOSS selling. Not many people here are in the red, most of us are in under 2 dollars. SO i higjly doubt this stock will have tax los sells.
On another note I am 100% confident they will not release a NR till the PP is finalised. That is a no brainer 100%. After the PP is finalised Ican imagine we will get some BIG news, which will propel us into the new year looking GREAT.
Either way till then it is back to SNAKES AND LADDERS !!!! Im just tired of hitting all these snakes when were almost near the top. All I know is that Im going to buy my self a 100 dollar bottle of scotch when news comes out about our first real sales.
Then I will sit by my fireplace slowly drinking my fine scotch till I am half way done my bottle. Then I will go to sleen then wake up and realize it was not a dream, finally we will be really moving forward !!!
Aei773ou wrote: Some thought on this stock:
The company raised PP after Cisco partnership announcement is well calculated. They have run out of tricks from the pocket after that and not expecting more good news in the near term, where the silent period before the closing of the PP is an easy excuse. Therefore we see a high probability of NR, if any, may be pushed to 2019. Based on this scenario the stock will be logically undergoing a period of consolidation. Today KAMA @ 2.44 is taken out which implies a near term weakness and it will test the 50 DMA @ 2.27 to 2.30 as the first support. If it bounces up immediately and closes above 50 DMA in coming days we may have a period of trading along this curve to sideways. If it thrusts through the support then the stock needs to find the equilibrium between supports @ 2.05 - 2.14. If these support lines fail then the next support will be 1.60. I am not stressing that all this is going to happen. But without expectation of any catalyst in the horizon the probability is high. Adding to the fact that we have tax loss selling effective until December 15 or so.