Healthy consolidationI know some people see this as games being played but I see the last two days of trading action as a very healthy consolidation. As people have posted, the volume is reducing yet we hang around the 0.14 - 0.16 price range. Shows me there are strong hands and a new shareholder base is being formed. This is very healthy and encouraging.
I suspect we will trade sideways for a while unless we get a PR or some kind of news release. If not, then we wait for year end earnings to be released in mid April and perhaps we take the next leg up after we see what progress has been made.
Subsequent earnings will then help us to advance to our true market value as the market sees that the tunaround is underway and that the company is delivering on their earnings projections.
We are not going to get to dollars in share price until that is proven out. People thinking we are going to march there in a few months are delusional. This is a long term hold and rewards will be realized as investors remain patient and the company delivers on their promises, not before. Good luck to all.