as more and more people are buying for the next news or coming months, the available stock is getting less and less. It can only mean one thing. Price has to go up.
The top 20 who own most of the stock are here for the long run unless they have sold last few days. With t he amount of vol today and probably over the next few days those that are trading will want to be in the game but will end up paying for for what they sold. Today the traders can play for the .001 and make a nice return, buy 6.8 sell 6.9 hopefully be able to get back in at 6.8, but price moves to 7c so they buy at 6.9 sell at 7 and then this afternoon buy at 7 sell at 7.1 and then we may see 7.1-7.2 and 7.2-7.3, and then there will be those buying for tomorrow or the next news release that wont be selling leaving the traders to sit on the bid and wait and wait and wait, until eventually they say " i dont want to miss out " and start paying 8c, 8.5c.....
Fun times ahead
IOT Price at posting:
7.1¢ Sentiment: Buy Disclosure: Held
