A lot of hands got into this stock over the past few weeks.
Many, in fact millions, were over $2.
This freefall down has seen a lot of people cover. Maybe they panicked, Maybe they planned on maximizing their ownership and profits by pulling out and have been hovering over the BUY button since, waiting for the reversal. I'll bet almost all of them are.
They know this isn't a stock consisting of nothing more than hype. They know there is a very valuable product here. One that has potential to become enormous. One that isn't just an idea, but is in a testing phase which is near completion and will certify the legitmacy of it's claim.
This stock can continue to freefall all it wants, though I'm thinking it has reached the crossing point and is now back at a level of much reassurance where those on the sidelines and ready to get back in as it recovers from this ludacris and unwarranted panic.
If this downturn was the result of 10 million or more shares trading. You can count that most (if not all) of them are still very nearby, waiting to jump back in the second the pendulum swings the other way. Those of us who held at $2.85 certainly have no plans to sell lower than that, so our shares won't be for sale. The stock should climb sharply as demand will far outweigh supply.
Even the bashers know this. Ride out this storm and prepare for a big wave.
As tiring as it is to see. Pending no negative news, it will swing back as swiftly as it fell. Pending good news, it will swing back much faster.
From $2.85 down to $1.47 NOTHING HAS CHANGED except the fact we are even closer to TESTING COMPLETION. Think about that when looking at these numbers.
