RE:RE:I didn't buy a single share yesterday It always takes a few attempts to take down the $3 wall.
It is so significant on two dimensions.
1. It allows for margin trading. Everyone here increases buying power by 50%. It rises to 100% margin at $5. More buying power = More demand. These are teo critical steps along the parabolic path. They have been the case every single time.
2. Institutional buyers can buy the stock. Many have mandates that don't all them to purchase <$3. This increases more pool of buyers. Again, critical for more demand.
Every share under $3 is a gift.
I am literally tapped out. But I will have 390k buying power when this closes above $3.