Hi Icy,
I'm looking at a 4-year chart and the last time APTD was this high was in 1997 !
I have a different theory, which of course is biased towards my optimism.
There is someone buying any shares they can get for under $2. What better reason explains why APTD has been hovering just below $2 for 12 TRADING DAYS ? And when you think about it, there has been very little selling. Not bad for an OTCBB stock, IMO.
I'm looking at bigcharts with moving averages, MACD, etc. and I'm hoping for a repeat of the pattern which occurred in the 1st 2 weeks of January. During that time, APTD did nothing (even sold off a little), before doubling in a 6 day period.
Based on the moving averages and bollinger bands, we may have to wait 2 more weeks and APTD may even sell off a little before its next move, which I'd like to think will be above $2.50. Hopefully the people buying know what they're doing, and it will be worth the wait.
Here's another chart:
siliconinvestor.com
Regards,
Chris |
