Sure it "could", just not usually in our expected time frames, you certainly don't post several times saying you are expecting 150% appreciation in a short period of time, particularly if your online personality is only going to turn super negative.. it is far easier to just be realistic and not expect too much too soon.
- Yes share price will rise on technology 2 announcement,
- Yes we will smash through 10c (eventually)
For it to do so on the basis of this tech 2 announcement, means a rise from 3c (october 27) to 10c in less than 1 month (assuming the sign off occurs in the next 2 weeks or so).
Announcement likely to be shrouded in mystery and lead to many more questions, and as usual the market won't get it, nor fully appreciate the implications.
Doss and several others have been banging (harping) on for months about "the market is waiting for revenue" so this won't change anything YET except a short term spike (most likely to 5.5c-6c), which would represent approx 100% growth in a month
Not saying we wont reach 10c eventually, but if one thinks that one announcement is going to sustain a rise to 10c and more importantly, stay there - then that one person has clearly not been following OBJ for very long
Just being realistic here... how many times do we need to be burned by unrealistic short-term, pie-in-the-sky expectations until we get it? Be happy at this point in time with a 50% rise in a month and anything else is a bonus; expecting a 250-300% return in a month is just setting yourself up for disappointment and frustration. Mostly all of us have been guilty of this in the past
Besides Doss is just going "to sell his $250,000 worth of shares as soon as it reaches 10c" and force it under 10c again, and this doesn't include any others who have already decided to sell once they recoup their recent losses.
- Insanity is doing the same thing over and over again and expecting a different outcome - Einstein
OBJ Price at posting:
4.0¢ Sentiment: Buy Disclosure: Held
(20min delay)