judy, it would appear that john babish was a two day affair
to the stock market. since the big dip we have rebounded
to a decent hold limited to the 1.50 close on the ask..
now, any move over 1.50 means committed buyers.
will it happen. i think so. when? well, i believe few saw
the press release till after the market closed.
this appointment does several things. it shows a committment
to get some good talent with advice. he can also recommend
some good moves and provide leadership direction.
now as to the price.. if all goes well, we will show slow
but steady increases in price.
now i did buy more at these levels but, hey that is for the
individual to decide..one should always be carefull in investing.
especially with small bio tech stocks.
that said, we appear to be on target for product roll out.
so, the market will vote with price decreases or increases.
since we are closed friday..thursday should be an interesting
day for prln.
i do know that with the wide spread it means bullish numbers..
the bid is market makers trying to steal shares from sellers.
they get sellers to provide shares low.
but, when buying, they make you pay the 1.50 level.
remember, the bid and ask are not investors or the public.
these are prices that market makers will buy or sell. with a
wide spread, they clean up. if we had serious sellers they would
drop the bid fast unless they were buying in for someone.
at the ask price, if they get serious buyers and no matching
sellers..they will raise the ask price, fast.
so thursday, if we see over 1.50 it is serious buyers..as who
would pay more than 1.50 with all that has happened/
so the tug of war continues.bulls vrs bears..
of course one day, one week, one month will not decide
the future for prln pricing. the key goes to products and
building a sales and ultimately a profit structure..
we only look at parts and read tea leaves as best we can.
but the future does look decent and we are on with a good
business plan..
another inportant factor. watch the volume.. |
