- Joined
- 7 September 2011
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Beatle; I did want to make a post asking as to why the trading is so very light as of late. When I mean "as of late" I mean over the last few weeks. One must admit these volumes are below the average experienced early last month, and late the month before (by memory, no chart).
The only volumes noticable is Matthew's dumping his position.
My theory is, and it is a LONG shot, is that investor interest has peaked and there are several holders with the selling trickling into minor interest. I don't know, lol. My theories are always wrong when trying to deduce the investor mentality pertaining to a specific stock.
At any rate - I just want to mention again; if you are waiting for the pour to get your value, you will be waiting a sufficiently long time after that to get over 24 cents. I wish I could be wrong about that one too - but unfortunately that is the same song being sung by pessimistic investors across all forums that I've viewed.
For many of us who have been in RED for the short term; the fundamentals are sound enough to warrent a mid to long term hold. All I am trying to reitterate is that the resistence level will not be challenged for quite a while - it barely broke the short term 21cent resistence with very minor spikes into a false breakout.
The only volumes noticable is Matthew's dumping his position.
My theory is, and it is a LONG shot, is that investor interest has peaked and there are several holders with the selling trickling into minor interest. I don't know, lol. My theories are always wrong when trying to deduce the investor mentality pertaining to a specific stock.
At any rate - I just want to mention again; if you are waiting for the pour to get your value, you will be waiting a sufficiently long time after that to get over 24 cents. I wish I could be wrong about that one too - but unfortunately that is the same song being sung by pessimistic investors across all forums that I've viewed.
For many of us who have been in RED for the short term; the fundamentals are sound enough to warrent a mid to long term hold. All I am trying to reitterate is that the resistence level will not be challenged for quite a while - it barely broke the short term 21cent resistence with very minor spikes into a false breakout.