My thoughts are that when CFDA approval does get announced this scenario you painted
"Its been a while coming and the stock does react well to positive news but goes weaker as the traders dump out again."
Will NOT happen
The reason why this has occurred, after supposedly positive ann, is that it is all still to do with building blocks and nothing to do about SAMR...................some see these "other" ann as being positive for the BIG ONE and buy in while many astute holders take advantage of the spike in sp knowing that when common sense prevails the sp will slide back. Sales revenue figures for one, is yet to make its impact on sp IMO and I can just imagine what could occur if, come end September. and still no ann on SAMR................Sentiment will take a hit, tree shakers will do their thing and accumulators will wait patiently for apples that might even be under $1.20
Just some wild thoughts for the day
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My thoughts are that when CFDA approval does get announced this...
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Open | High | Low | Value | Volume |
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---|---|---|
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2 | 2348000 | 0.029 |
4 | 1223886 | 0.028 |
2 | 62053 | 0.027 |
4 | 733186 | 0.026 |
Price($) | Vol. | No. |
---|---|---|
0.031 | 8710 | 1 |
0.032 | 1625000 | 3 |
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