it's going to be up and down because it's penny stock
(basically means traders know there is interest based on news of prospect).. they grab heaps, wait and let real investors accumulate little bits (but enough to push up price considerable percent).. then when enough volume a few % over their investment - Bamn dump the stock (they don't care how deep the crash as they take out all).. they just made 5% on a few $100K.. in just a couple of days that's tasty..they watch for a bit, if it's still bull, repeat..
the negative side of this easy to manipulate market is genuine investors who invested in the prospect have to ride up and down until that next notice comes in.. this kills the SP from ever going high as fear hits with each dump and the average down eventually stables it out..
outside of this crap that goes on - the company is short one more big deal to me to move from very uncertain potential to - potential with support (people willing to put cash in product).
if the company makes the announcement - the day traders will do usual, but ultimately the price will fly up fast enough they can't dump enough that their quick will keep the price down.
as someone else wrote here - patience ... all this price manipulation is legal and this company going to feel it SP hard for awhile longer due to large ceo wage --- only actual contracts, and new revenue streams will push it, as bigger fish investors jump in then (as risk is less)..
"while risk is high, market manipulation ain't shy!"
the only other thing to change this is if the directors themselves start buying up big from hard cash vs perf bonuses .. watch for this soon
AL3 Price at posting:
12.5¢ Sentiment: Hold Disclosure: Held
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