SAS 0.00% 1.6¢ sky and space company ltd

Fair sentiment; however, am not sure that the launch has not...

  1. 1,196 Posts.
    Fair sentiment; however, am not sure that the launch has not already been incorporated into the price and this is not just another case of a simple pump before many holders take profits and drive price south to further accumulate.

    Personally in for the long hold but just checking the charts out and seeing some minor fluctuations between 25c and 21c, which looks like the current support since the major run up from 15c. It is hard to tell in this stock where the floor is if momentum alters. Looking at the timeline of late May launch followed by approximately 8 weeks of testing prior to revenue, it will be interesting to see in that three month period where the stock finds support.

    Also don't trust the sell orders as they could just be holding the stock down prior to the next run from traders who may have flipped profits multiple times already, but the opposite can happen also, driving stock south just prior to launch date so they can accumulate at 15-20c then drive it north, harder in a stock worth 20c than the micro-caps but for SI it is very easy to manipulate.
 
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Currently unlisted public company.

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