>>Looking at the market depth right now is telling me something is drastically wrong.<<
I believe that we are witnessing a shakeout. There are countless reasons why someone who has not been following this company closely would be concerned. I am convinced that the 30 k block at $2.90 was put there because someone wants to drive the price down to buy more shares. That tactic is common for anyone would wants to take away any enthusiasm for the price or for support. Unfortunately, when the retail player starts to "Puke" their shares back onto the market, that is when the bigger players come in and buy them at a deep discount.
Let's just say that if I am wrong then I will be going down in a big ball of flames. But, if I am correct, in a relatively short period of time we should see the end of the test phase for any demonstration project that the company has underway now. Once that is completed (and the contract is indeed signed) then we will see news being released. The KTopia news was good news, and it shows that real progress is being made there, but it is not the major contract news that people have been waiting for.
I have not been posting as frequently lately as I have been extremely busy with other priorities. For the record, I still hold almost every single share I have bought throughout the last 12 months. Two weeks ago, I sold only 2% of my holdings as I needed some cash for a very short term period. If things go well for me, then over the next while it is my intention to increase my holdings by at least 10 to 20%.
I plan to do this because there are just too many positives here. Focus on the company and not the stock! Take a good look at where this company is going, what they are doing, who they are partnered with, the depth of their management team, the up coming spin offs that will be issued, etc., etc.. What is needed now more than ever before is a significant revenue contract that proves that they are capable of generating revenue and earnings. Once this happens, then I am confident that the market will sit up and take notice.
All that said, I never want to be perceived as someone who pounding the table (A.K.A. "Buy or Sell"). I just am trying to explain what I plan to do and why. Take that information for what it is worth.
Crazy Canuck |
