As soon as the buying strength disappears, it's tested. If it doesn't respond, it's sold down. Pretty simple formula. Happens with most stocks, especially the good ones. Smart and opportunistic for those who have the time, especially if you're trying to accumulate.
Stack the sell side, thin the buy side, and suck out all the loosies - it's textbook stuff. Don't have the time or inclination to get involved.
Can be thin as @ 4.9c, but it always reloads. Cos 4.9-5c is simply a gift (18% discount to 10M cap raise).
Think how many shares have been sucked out in these churns. I really thought we were done after the last little rise but was clearly wrong.
Looks like we'll keep range-trading till the market wakes up or we get an update re sales/market penetration.
This is a total set and forget for me and I'm pretty full now.
Happy to give our company the time to evolve.
BLG chart, page-192
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