To all....
It has been a quiet weekend and since I'm on the road, sans modem, this entire week, I'll put my two cents in now.
I am fascinated by what analyists can glean from charts. More often than not, they make solid predictions about short term fluctuations.
We all agree that long term, SNRS appears to be a winner. But what's next.
Those who observed a shift in ownership may of seen part of the story. Money managers are expert at taking advantage of small investors by manipulating stock prices in the short term. They can appear to make a stock seem unstable, headed for a fall to test the will of the owners. More often then not, they prevail, and buy the stock for far less that $25 at a NASDAQ or even the $14 I'm somewhat more realistically hoping for. Even at $12 dollars, the stock will drop as the price is manipulated even further and those who didn't sell at $10 give in to a second better opportunity.
Whether or not a story appears on CNBC or not, SNRS is still in the rumor stage with a good if not great story. Most investors have not heard the story and they soon will. Within 30 days or so of NASDAQ, many more small investors will hear the story and react the same way we did at $5 and $6 or earlier and they will drive the price upward. Every time that institutional ownership increases, more and more small investors will jump in. We have a long ??? period of time before nearing FDA approval and SNRS seems like a stock which will take two steps forward and one step back for a long time, as serious and patiient money takes their best effort to accumulate the stock at as low a price as possible.
Roller coasters always end up at the same point they started. I hope the more technically oriented can pull us through the confusing manipulation stage we're about to enter and help us all stay focused on our individual goals and make as much money as we can.
Regards to all....
Sylvester
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