RE:RE:Price DropThat's it. The spread are fairly large, volumes on them are not very big. The markets these days are about chasing quick money and there is a lot of it. Reminds me of the tech bubble and many of us know how that ended up. You could not go wrong at the time. But in the end, the companies that had solid products and business plans are the one that survived and did well. We've done the numbers, stinky numbers still make it look like a great buy. We may not be able to compete with the daily 30 percent moves on flavors of the day, but we will win in the months to come and onward. If things go half-well, we will be the darling of the markets for a number of years. I bought SHOP at $380 the first time, when folk that made multi-baggers and sold under $200 told me I was nuts. Sold it at $1,450 last year. It is showing that once you obtain certain market clout and can develop new products, like Amazon, a winner will stay a winner. Hoping for KNR to become a winner in the new safe space market niche. When we see signs of competition, that is a good sign because you will not get competition in a market space where there is no money to be made.
pointer wrote: 3Briers wrote: Very few shares traded to drop price in the last hour
IMO it's timid investors taking profits
the Big Boys are picking away
Hold Tight!!!
And within minutes there were buyers pushing it right back up.
There has been a pretty wide spread on the bid/ask, which to me represents weak conviction on the part of the market. We are still in "show me" mode, and we need something a bit more material to break out of that. Even one moderately-sized Biocloud order would do the trick.