I think its the expectations that the stock will follow the trend of other stocks... sure, it will but when is the question... trend has been random with many tech plays few went up on the first day like sor, kne and few have taken some serious time...
People think its as easy as walk in the park... well, my experience says nothing is as easy as it seems... therefore, going back to basics is required...
As you mentioned and it is clearly evident from the volume that the big money is involved here... every time stocks gets sold at 1.6c it gets reloaded with buyers... almost 700m shares being traded at 1.6c average... and this is after a good acquisition... a clear indication that the buyers want to take as many loose stock as they can... a perfect example of psychology... shake the tree sell a large parcel, stack the sell side, cause some panic and get some more shares... speculation of course but a good speculation..
Anyway, I am trying to hang in... avoid this all and try to focus on other things... not looking at screen every minute to avoid panic...
We will see how we go... hoping that the buyers do win and we have some real green days not just a pip...
All IMO
Cheers
DUO Price at posting:
1.6¢ Sentiment: None Disclosure: Held
