RE:What's going on here?Hello StockscoutX,
There is clearly a large seller who will keep the stock aroud 2.50$ until he is done.
At the same time, the total absence of communication with minority shareholders through press release or IR events prevents some stockholders and believers in the company, like myself, to consider buying more shares. And shakes the confidence in the long term prospect of the company for some others.
More sellers than buyers...........
In the current environment, and considering the absence of communication, i would personnaly only consider buying again below 2$.
I am still a believer in GRA and Soroush, but for the long term. As of the current valuation, it will definetely take the BIG news that we are all waiting for to move the needle on the stock price.
Until then, the stock could move below 2$ or sideways but personnaly, i do not see any reason for a sustained uptrend until that happens.