Sona Nanotech Inc C.SONA

Low Volume Today August 17

[bluebeard123]

What a low volume day. Less than 45,000 shares traded valued at $15,000. Has there been such low daily trading volume in the last year?

[dart321]

When you see a base line as long as we have seen here and as steady the accumulation of paper slows down until one of two things happens. Those trying to accumulate move their bids up a bit with the hopes of more people selling at a higher price or some bad news comes out to push the stock lower allowing accumulation at a lower price. Myself I wait to see the games they do to push it down during

[Kaiser]

You have no clue what you're talking about.  Give it a rest.  Shouldn't you be predicting outrageous price targets for Sona? Maybe tell everyone why this was supposed to hit $300-5100 LOL dumb!  

[bluebeard123]

Accumulating is betting that something good is going to happen. I would just wait for news. If it's good, buy right away and there is still upside. If it's bad, sell because the company is continuing the path of bad news. This is a high risk stock. If you bet right you make lots of money. If you bet wrong, it could be nearly all gone. IMO the best way is to limit exposure and wait for news

[Kaiser]

Unfortunately a lot of people are down nearly everything because of pumpers like dart with wild claims to complete lies and outrageous price targets.  Could you imagine buying even at $2 let alone $8-15! The risk reward here IMO is not worth it one bit.  That's just my opinion and I've been wrong plenty.  For me the lack of communication from the company after such a fkup

[bluebeard123]

Thanks. Many people have tried contacting the company, including myself. No answer. 

[Smiles62]

We need to see at least 200K on the bid at 0.33 or higher. This bs of 1K...

[dart321]

Now we sit and wait to see if they wash it down to see if they can panic a few sellers. 

[dart321]

ah that is just as good, a large offer. But they are taking a big risk someone might sweep it up lol.

[Smiles62]

I just put up another bid at 0.35.  Selling a lot at 0.395 and the other at 0.49.

[Smiles62]

I would guess to say that the guy from BMO knows something. :)

[Pandora]

And why would SONA be showing green today. Have they actually done something of value since their covid tester got shot down? If so, what is it that they are now doing?

[dart321]

good volume for mid day trading I guess we see if it continues at days end.

[Smiles62]

Well that did'nt take too long!

[dart321]

Oh my look at that the broom came out lol.