RE:Who really trims this stock?OldManCanuck wrote: How many of us are selling shares over these past 12 months?
I personally have never sold a share, and hopefully will never have to. But whenever I pick up shares I try and get the lowest dip, so my bids are always below the ask. It's because I know there is no reason to pay higher until news is released.
I feel we all know and understand this, and have all added to our holdings in the same way, relatively.
So I ask, how many have paid higher than the ask in the last year, and if you ever did, how often?
Since there is not much outside knowledge of this stock/product and not much volume, it seems that most of the buyers are those that grasp this realities of this company and industry, and always offer lower bids than the ask.
And the trend over the last year has not looked good, so most outside investors that have gotten in have also had no reason to bid more than the ask.
So without serious revenue or the news we are waiting for/product releases, how is the stock price ever to rise with a semblance of perpetuity?
Most of us I suspect are accumulators as opposed to sellers but every now and then you try to anticipate. I had picked up a bunch at .09 a while back and sold Friday at .135 for a quick buck. Then felt terrible after I saw the massive spike. Only later to find out that trade wasn't so bad after all. Just bought them all back plus more at .085.
There won't take much good news to move this so fingers crossed for all of us on this long, sometimes challenging, little "trip". :)
Stay positive folks... and average down.