Impossible NOT to make money hereI don't mean this in the sense of a pump and dump (though I've never understood why that offends people, ultimately, why wouldn't you take advantage of momentum when you can?) but with the share price as low as it is and where the next resistence level is (0.06-0.08) and the pipeline of news flow imminent and this trade is theft-like. I mean you have 25% downside risk (0.03) for 50% (0.06) to 100% (0.08) upside with lots of volume to sell into. 1:2 to 1:4 risk ratio as the traders like to say. That doesn't even take into account the breakout above resistance if this story grabs a bit of fanfare. It doesn't set up much better than that folks!
While my average is considerably higher (0.165) in one account and (0.12) in another account, I'm content to just sit and wait. I am also putting more money into the trade. Averaging down is usually a fools game but the news flow and app development is compelling enough for me to play the fool and bring my average down as low as I can to take advantage of the momentum coming around the corner. Even if that means selling at a lesser loss so be it its still the wise move to buy this low.
I'm very intrigued by the idea of a social community with the "add-on store" features of a traditional app game. I really think there's something there from a revenue standpoint. The social side offers potential banner, video clip and close-out ad style revenue opportunities. Marketing agreements for base revenue to further product development also seems like an easy sell whether that be to professional teams, sportsbooks, casino's, apparel or stadiums. From a business model perspective, there really is a lot of meat here. It'll come down to the inhouse software team; do they have the talent and expertise to turn this into a polishied, powerhouse app??