That was my point, honestly I think a lot of SH just want to short term trade, take profits and jump ship, with no interest in the viability of the company. Watch this space 1-2 months from now and half the people here will be gone, with a whole bunch of new faces.
Management are actually playing it really smart as server space is expensive and they are not certain about the popularity of the app or any bugs that may occur when it is stress tested. This creates less of a need for further CR to afford expenditure as initial revenue is not realistic in supporting the ongoing capital outlay of an international release. While some SH may be thinking in terms of 1-2 weeks they are considering the future of the company.
Pip traders set that up since 5am this morning it was bound to happen, on market sentiment the current support looks to be around 2.8c, but day traders having their way with this stock so nothing is guaranteed.
It is my plan to ascertain the future potential of the company after the Australian release and initial feel of the app within the market space. If it demonstrates good user growth within the first couple of months leading into the international launch the share price may hit new support and climb from there.
This minimizes exposure to the risk of buying back in after selling at a profit point when the SP is still fluctuating based on market sentiment and consumer reaction. More likely to just trade a 1/4 of holding at high after launch, wait till new support and then accumulate on low before waiting till target goal of 50c-$1.20 in long term, if the app blows up.
Everyone is entitled to trade in their own way though and it is clear on reading various comments the way people are leaning.
THD Price at posting:
3.1¢ Sentiment: Hold Disclosure: Held
