Post by
InvestForce on Sep 30, 2021 12:27pm
Capitulation
This could be capitulation. People who are sick of the losses and can't wait or margins end of month. Declines on new recent negative news is a buying opportunity for some and watch-and-wait for most. People hold onto technical levels like lines in the sand. The drop at the start to 0.94 was based on less than 150k shares traded, probably one big dump. That's not a picture of general conviction at all about the prospects of the company. A few more nervous nellies will join in the panic barfing of shares then we can get back to growth when the capitulation settles. October is a new month.
Comment by
Dragon1 on Sep 30, 2021 1:14pm
Yup but as we get away from the original hype and optimism we need to get something substantial such as new contracts and increase in earnings.I remain very confident,perhaps a good time to add a bit.