Re: A quick note on forward looking statements....
in response to
by
posted on
Jun 22, 2015 08:45PM
ledenfrog wrote ...I honestly thought this news would have a bigger impact, and that's why I jumped on it right at the bell, in anticipation of a strong move. A 7 cent bump is nice of course, but I seriously thought we'd see major volume (1 millionish) and a jump to at least 2.40 if not 2.50...."
Maybe this is a rational ... which definitely applies in my situation.
Most of us have been around this play for quite some time (I first bought in around $18... yes that's long a go, in a galaxy far, far away) Fast forward to today, I now own about 80K shares, and I have averaged down to a point where I am making money if I sold today, but my mindset is... truly, "go big or go home".
That being said, no matter on how promising or how good this stock looks now, I am through buying in and I personally feel that there are many in the same boat. The simple math is, if there are 100 Share holders in my similar postion, that would equate to roughly a 10% stake in this company. I personally think that the number of Share Holders with a very large position is much higher. Meaning, that there are not many people holding this stock. Therefore the low volume, unless panic sets in.
I could be totally off the mark and living in that galaxy far, far away... but that's my rambling!
Rock. (Stay strong longs!)